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#59629 - 12/10/05 11:00 PM Think copper prices are high now?  
Dnkldorf  Offline
Member
Joined: Dec 2004
Posts: 1,064
nowhere usa
This isn't good news........

http://money.cnn.com/2005/11/18/news/international/copper.reut/

You think copper will go up more?


Dnk....


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#59630 - 12/10/05 11:04 PM Re: Think copper prices are high now?  
lamplighter  Offline
Member
Joined: Oct 2005
Posts: 101
Clawson,Michigan,USA
Time to start charging $1.00 per amp, per foot on wire.


#59631 - 12/11/05 01:06 AM Re: Think copper prices are high now?  
SolarPowered  Offline
Member
Joined: Jul 2004
Posts: 625
Palo Alto, CA, USA
Is Liu Qibing one of the Hunt brothers?


#59632 - 12/11/05 04:46 AM Re: Think copper prices are high now?  
pauluk  Offline
Member
Joined: Aug 2001
Posts: 7,520
Norfolk, England
My usual wholesaler is still issuing monthly flyers with cable prices -- A practice they started last year.


#59633 - 12/11/05 01:02 PM Re: Think copper prices are high now?  
e57  Offline
Member
Joined: May 2003
Posts: 2,876
S.F.,CA USA
From this article I would think they are describing an artificial bubble that may pop soon. Hinging prices on the bets of unknown factors and players, and of supply and demand out of a closed nation.


Mark Heller
"Well - I oughta....." -Jackie Gleason

#59634 - 12/11/05 02:16 PM Re: Think copper prices are high now?  
George  Offline
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Joined: Feb 2002
Posts: 375
The price of copper is going up because China is caught promising to deliver copper without having the copper to deliver.

For the most part this is only a "paper" issue. China sold copper futures with no intent of delivering. China was going to buy the futures back before the delivery date. Those who bought the copper futures did not want to take delivery of the copper. They simply want a premium to not take delivery. China does not want to pay the high premium.

As soon as the China deals all settle the price will fall to normal levels.


#59635 - 12/11/05 02:24 PM Re: Think copper prices are high now?  
renosteinke  Offline
Cat Servant
Member
Joined: Jan 2005
Posts: 5,316
Blue Collar Country
As the Hunt Brothers found out, it's pretty hard to "corner" a commodity.
The expectations of a higher price leads to increased production- which in turn drops the price. The use of alternative materials alsi increases.

Of greater import for today, though, is the experience of Nevada with mining- an experience that has repeated itself wherever dirt is dug up.
Simply put, the media is frequently misled into reporting looming crisis; these stories in turn spur panic buying- creating a shortage, or price surge- where there would not otherwise be a problem.

Keep in mind that we are electricians...not speculators or fortune-tellers. Don't let yourself be stampeded into running off the cliff with all the other lemmings!


#59636 - 12/11/05 05:11 PM Re: Think copper prices are high now?  
denny3992  Offline
Member
Joined: Jan 2005
Posts: 53
orwigsburg,pa USA
has any one noticed since the copper prices are going up it seems like the copper is getting stiffer? esp in romex grounds....... maybe adding brass or another metal in with the copper due to price? i saw a rep from one of the wire manufacturers at the supply house and he said "they cant do that cause of ul requiring a certain spec" i think its hogwash any body else notice????



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