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#59629 - 12/10/05 07:00 PM Think copper prices are high now?
Dnkldorf Offline
Member

Registered: 12/12/04
Posts: 1091
Loc: 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 07:04 PM Re: Think copper prices are high now?
lamplighter Offline
Member

Registered: 10/05/05
Posts: 101
Loc: Clawson,Michigan,USA
Time to start charging $1.00 per amp, per foot on wire.

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#59631 - 12/10/05 09:06 PM Re: Think copper prices are high now?
SolarPowered Offline
Member

Registered: 07/05/04
Posts: 615
Loc: Palo Alto, CA, USA
Is Liu Qibing one of the Hunt brothers?

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#59632 - 12/11/05 12:46 AM Re: Think copper prices are high now?
pauluk Offline
Member

Registered: 08/11/01
Posts: 7693
Loc: Norfolk, England
My usual wholesaler is still issuing monthly flyers with cable prices -- A practice they started last year.

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#59633 - 12/11/05 09:02 AM Re: Think copper prices are high now?
e57 Offline
Member

Registered: 05/27/03
Posts: 2837
Loc: 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

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#59634 - 12/11/05 10:16 AM Re: Think copper prices are high now?
George Offline
Member

Registered: 02/23/02
Posts: 380
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.

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#59635 - 12/11/05 10:24 AM Re: Think copper prices are high now?
renosteinke Offline
Cat Servant
Member

Registered: 01/22/05
Posts: 5305
Loc: 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!

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#59636 - 12/11/05 01:11 PM Re: Think copper prices are high now?
denny3992 Offline
Member

Registered: 01/09/05
Posts: 53
Loc: 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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