Friday, September 5, 2014

Raleigh, NC Copper Current Scrap Copper Prices Per Pound, in North Carolina, where we buy for cash-919-828-5426

Raleigh, NC 
Copper Scrap Prices per Pound
Raleigh Metal Recycling
2310 Garner Road
Raleigh, NC, 27610

NC, Scrap Metal Prices per pound in Raleigh, 919-828-5426
Copper Scrap Metal at Raleigh Metal Recycling

Copper scrap metal prices are up this week.  At Raleigh Metal Recycling we always work hard to find the best places to sell our scrap metal, so we can offer you the best prices. While there remains some lower growth coming from China and Europe, the U.S. is doing OK so prices are up a bit.  See the article below on copper.

We are the largest Metal Recycling operation in Raleigh, NC, and with our ATMs, we pay cash for copper and get you in and out fast with our totally computerized buying process.  

Greg Brown


Copper Rises Before U.S. Jobs Report as Surplus Elusive

Copper rose in London, narrowing this week’s drop, on speculation today’s U.S. jobs report will boost the demand outlook as falling stockpiles cast doubt on analyst forecasts of a 2014 surplus.
U.S. companies probably boosted payrolls in August by more than 200,000 for a seventh consecutive month, according to a Bloomberg survey. Copper stockpiles in warehouses monitored by the London Metal Exchange dropped 58 percent this year even as the International Copper Study Group forecast an annual surplus.
“The mood is mildly upbeat,” said Stephen Briggs, an analyst at BNP Paribas SA in London. “The main thing about copper is we’ve got this familiar story of new mines, and it’s not really showing up in the numbers. My view is the surplus is quite small.”
Copper for delivery in three months advanced 0.3 percent to $6,953 a metric ton by 10:19 a.m. on the LME. Prices slipped 0.4 percent this week and 5.5 percent for the year. Futures for delivery in December rose 0.2 percent to $3.1575 a pound ($6,961 a ton) on the Comex in New York.
Stockpiles were unchanged today at 154,700 tons, the LME said in its warehouse report. Inventories monitored by the Shanghai Futures Exchange dropped for a fifth straight week, according to bourse data today.
“The surplus is quite small, but I think it will become more evident in coming months,” Briggs said. “Price action this year suggests the market shares my view.”
The jobs report is due at 8:30 a.m. in Washington.
Copper rose yesterday as the European Central Bank announced stimulus measures. “Copper still looks weak from a technical perspective, and I don’t think this will be enough to turn the tide of bearish sentiment,” said Daniel Smith, head of Dan Smith Commodities Research Ltd. in London.
Copper analysts and traders are the most bearish in a month on prices for next week on speculation demand is stalling, according to the Bloomberg weekly sentiment survey.
Aluminum and lead declined in London as nickel advanced. Zinc and tin were little changed.