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The Metals Market is on The Move‼️📈📉

Date

https://www.tiktok.com/@sahdmetalcrew/video/7270131747357068587?is_from_webapp=1&sender_device=pc&web_id=7234525538013251118

Something huge is going on in world currency and it is definitely moving copper and other metals markets! 

We are seeing key numbers at levels we haven’t seen since 2007!  The 10 year treasury yeild has been over 4.25% for days.  The world will be looking for these dollar yields which is continuing to weaken other currencies.  The yuan has weakened to 7.30 for one US Dollar, levels not seen since, you guessed it 2007!  

It’s not just the levels but the jarring movements during the day.  Already today the yuan has been between 7.20 and  7.30 those are dramatic moves that should take weeks!   

Despite all of this copper is up today as are all other metals.  This is what we need to watch this week.  China is having massive problems in their economy and as the world’s biggest copper consumer by far that will have an impact.  The only way for them to get out of this is to cut interest rates, further weaking the yuan against the dollar. 

All eyes are on Jerome Powell in Jackson Hole for his speech Friday.  Not expecting a thing other than strong dollar talk by way of continued rising interest rates staying higher for longer.  This is the news that drives metal, so stay tuned and we will keep you updated. 

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Acceptable Materials

Appliances including:
  • Stoves
  • Microwaves
  • Washers and Dryers
  • Dishwashers
  • FOR A $10 FEE—Air Conditioners

End of Life Items Including:
  • Machinery (all fluids,pans and cylinders removed)
  • Farm Equipment
  • Farm Machinery
  • Lawnmowers
  • Cast Iron Patio Furniture
  • Cast Iron Outdoor Railing
  • Sheet Metal
  • Steel Wheels
  • Steel

Nonferrous Scrap:
  • Aluminum
  • Aluminum Cans
  • Aluminum Pots and Pans
  • Aluminum Siding/Gutters/Downspouts
  • Aluminum Patio Furniture
  • Aluminum Wheels
  • Aluminum Wire
  • Auto Batteries
  • Brass Fixtures/Lamps Decorative items
  • Cable, Fence and Wire
  • Christmas Lights
  • Copper
  • Copper and Brass Plumbing Pipes
  • Copper and Brass Plumbing Valves and Connectors
  • Copper Tubing
  • Copper Wire
  • Electric Motors
  • Insulated Wire
  • Radiators
  • Screen Doors/Windows (glass removed)
  • Stainless Steel

Prohibited Materials

  • Acetylene Cylinders
  • Asbestos or Asbestos Containing Materials (ACM)- applies to both fibrous and solid materials
  • Any Scrap Containing Refrigerants (CFC or HCFC) (Freezers, Refrigerators)  Air Conditioners are accepted for a $10 fee
  • Cathode Ray Tubes (CRT/tube-style computer monitors or televisions)
  • Closed Compressed Gas Cylinders – high pressure cylinders with valve intact
  • Combustible or Flammable Materials – fuels, paints, degreasers, unpunctured aerosol cans
  • Corrosive Materials – highly acidic or caustic materials (battery acid, caustic soda, etc.)
  • Explosive Materials, Munitions, Shell Casings – includes suspect military scrap
  • Free Flowing Liquids (including water)
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  • Liquids or Scrap Containing Free Flowing Liquids – fuels, antifreeze, oils, hydraulic fluid, paints
  • Mercury Containing Materials – mercury-containing thermostats, switches or fluorescent light bulbs
  • Non-Metallic Items – concrete, wood, asphalt, dirt, debris, tires (more than 5 per auto)
  • PCB-Containing Materials
  • Whole tanks uncut
  • Radioactive Scrap – anything exhibiting radiation levels above background
  • Scrap with Small Capacitors that contain 50 ppm of PCBs