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Copper Scrap Prices CIF/FOB

Answers:1   |   LastAnswerAt:2011.06  

Gregory Flores 
Asked at 2011.06.07 01:28:15
Hi there guys. I'm going to deviate from my normal means of communication and be a bit informal here.
First off, let me introduce myself. My name Is Gregory Flores, and I'm a Sales Manager for GCE (Global Commodities Exchange).

Now, I normally don't ask too many questions, seeing as how information is always so close at hand now a days, but I'm having an issue with Copper Scrap. Mill Berry, Berry, and Barley Mixed specifically.

What price am I supposed to be looking for here. Looking around I see prices, both CIF and FOB, in the thousands, and some in the hundred USD.

Now looking at the global market for Copper (HG) I can see that Copper , today at least, closed at $3.83.
That being said, doing the math, I'd roughly get a price of $8000 per metric tons for copper.

Yet there are some sellers going for $400-$600 USD per Mt.

So what gives? What am I looking for in this commodity?
Anyone out there dealt with Copper Scrap before? Help would be greatly appreciated.
answer Giridharan S  Answered at 2011.06.07 01:28:15
see cooper @ 400-600$/MT are scammers. don`t belive such offers. Copper is like gold have its own market hold. so don`t get tempted to offers which are unbelivable.
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