November 15 2015
IronPlanet® – the pioneer in online auctions for the construction world – has sold over $3 billion dollars of equipment to buyers in over 150 countries. Their sellers achieve more profitable sales through low transaction costs and better price realizations through a global audience of buyers. Their guaranteed inspection reports and exclusive IronClad Assurance enable buyers to bid with a high degree of confidence. Now they are bringing 10+ years of expertise to the government surplus market with the launch of GovPlanet.
November 19 is the first scheduled auction – to see the list of items up for auction go to GOVPLANET
A weak economic report from China sent copper prices in a spiral dropping to a four-week low. On the Comex – December delivery, ended down 3.05 cents, or 1.1%, at $2.9945 a pound.
YIEH reports that the base prices of H2 scraps have soared to at ￥28,500~29,000/ton in the Japanese Tokyo Bay region as of November 12th.
The prices were ¥500~1,000/ton higher than the previous prices, driven by improving demand and inventory replenishment.
At the same time, the base prices of P&S scraps and Shindachi scraps averaged at ￥30,000~30,500/ton in Tokyo Bay region, also up by ¥500~1,000/ton.
YIEH also reports that the US H1 scrap prices averaged at US$312.5/long ton on November 10th, down by US$30/long ton from the previous week.
Among them, the average prices of H1 scraps in Pittsburgh were at US$319.5/long ton, dropping by US$30/long ton; those in Chicago were at US$319.5/long ton, declining by US$30/long ton; and those in Philadelphia were at US$298.5/long ton, dropping by US$30/long ton; all in comparison with the previous week.
In the given period of time, the H1 scrap averaged at US$244.17/long ton in New York, Houston and Boston, dropping by US$35/long ton from the previous week.
REFERENCE SCRAP PRICES
Plate and Struct 2′x 5′ $250.00 gt
Heavy Melt 2′x 5′ $235.00 gt
Heavy Melt scrap (unprep) $190.00 gt
Junk Cars $160.00 gt
#1 Busheling $290.00 gt
1 Baling $250.00 gt
Sheet Iron $170.00 gt
#1 Bare Bright Wire $2.67 per lb.
#1 Copper Tubing/Flashing $2.51 per lb.
#2 Copper Tubing/ Bus Bar $2.27 per lb.
#3 Roofing Copper $2.145 per lb.
Brass (Plumbing, Pipe) $1.51 per lb.
Bronze $1.70 per lb.
Clean Brass Radiators $1.29 per lb.