frogneck77
Senior Member
- Location
- Shelton,CT
Just got this from my distributor as explanation of increasing copper prices-The Comex monthly average continues to escalate. We find ourselves ina very confusing market climate today. Two days up, two days down, gradually however
the value of the Comex Copper has risen. There is still nothing visible to support a higher copper cost in the U.S. All indicators remain sluggish from the housing market to jobs. The dollar is one factor that has been confusing matters and the Chinese and their effect on all the world markets too. One day the Chinese are buying everything they can get their hands on and the next 7-10 days, they can't be found anywhere trading. The fluctuation of our dollar value is the strongest driver in the U.S. market today.
At the beginning of last week, Comex Copper went over $4.00 per pound. It went back down two days later to the $3.81 mark. Friday it was sitting at $ 3.89. It was the fluctuation in the value otf the dollar that helped drive the swings in the market last week. These are confusing and trying times for the experts, so be cautious with your job pricing. None of us have any control over the market or finished good prices.
Both Copper and Steel are the two commodities that can make or break a job alot of the time.
Comex Monthly Average:
Jan. 2008 -$3.1971
Feb. 2008 -$3.5896
Mar. 2008 -$3.811
Apr. (YTD) -$3.9403
This morning April 21 copper is at $3.92 per pound.
Let us know of your needs, we are willing to work with you the best we can on these commodity items. We will work for you to secure the best pricing available for the market conditions.
the value of the Comex Copper has risen. There is still nothing visible to support a higher copper cost in the U.S. All indicators remain sluggish from the housing market to jobs. The dollar is one factor that has been confusing matters and the Chinese and their effect on all the world markets too. One day the Chinese are buying everything they can get their hands on and the next 7-10 days, they can't be found anywhere trading. The fluctuation of our dollar value is the strongest driver in the U.S. market today.
At the beginning of last week, Comex Copper went over $4.00 per pound. It went back down two days later to the $3.81 mark. Friday it was sitting at $ 3.89. It was the fluctuation in the value otf the dollar that helped drive the swings in the market last week. These are confusing and trying times for the experts, so be cautious with your job pricing. None of us have any control over the market or finished good prices.
Both Copper and Steel are the two commodities that can make or break a job alot of the time.
Comex Monthly Average:
Jan. 2008 -$3.1971
Feb. 2008 -$3.5896
Mar. 2008 -$3.811
Apr. (YTD) -$3.9403
This morning April 21 copper is at $3.92 per pound.
Let us know of your needs, we are willing to work with you the best we can on these commodity items. We will work for you to secure the best pricing available for the market conditions.
