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question: price of copper

T

TimPerry

Jan 1, 1970
0
all the electricians whom i have contacted about quotes for a job in
progress are telling me copper prices have increased from 66% to 100% in the
last six weeks.

can anyone tell me why this has occurred? a shortage? problems in copper
producing countries such as Chile? increased demand in china? worldwide?
 
C

Charles Perry

Jan 1, 1970
0
Mainly Chinese demand I believe.Wholesale price quotes on SWA I`m
getting are only good for three days at a time.$5860 a tonne for scrap
here in Scotland.
regards,Mark.
Also, it takes quite a bit of energy to turn copper ore into wire. Energy
costs more, copper wire costs more.

Charles Perry P.E.
 
P

Palindr☻me

Jan 1, 1970
0
TimPerry said:
all the electricians whom i have contacted about quotes for a job in
progress are telling me copper prices have increased from 66% to 100% in the
last six weeks.

can anyone tell me why this has occurred? a shortage? problems in copper
producing countries such as Chile? increased demand in china? worldwide?
The word went out some time ago when copper futures started going up and
up. I put several reels into stock and I guess that a lot of people and
business did likewise - increasing demand and putting prices up even more.

Sorry....
 
T

TimPerry

Jan 1, 1970
0
Palindr?me said:
The word went out some time ago when copper futures started going up and
up. I put several reels into stock and I guess that a lot of people and
business did likewise - increasing demand and putting prices up even more.

Sorry....

grumble grumble ... over $6000 USD to install a gound system
 
P

Paul Hovnanian P.E.

Jan 1, 1970
0
Ah well, back to aluminum wiring. ;-)

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D

Derek Geldard

Jan 1, 1970
0
grumble grumble ... over $6000 USD to install a gound system

In the '80s a colleague used to import small items of test equipment
from the USA (sensitometers/densitometers).

At one of those times when the Dollar rose very rapidly approaching
almost twice it's current value he found he couldn't sell his widgets.

After 4-5 months the Export Sales Manager of his supplier in the USA
enquired why his sales volume had diminished almost to zero. "Because
our customers (NHS Hospitals) have to apply for funding for their
purchases during the previous financial year, this takes from 6 months
to 2 years, (if they get it) and now even if and when they get their
money the price has gone up and they don't have enough money in their
budget to buy your products".

< Export Sales Manager, USA>

"The solution is simple, bill your customers in US dollars".

Of which they had *NONE*.

Doh !

So following his lead my "simple" solution for you is buy your copper
wire in Euros.

;-)

DG
 
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