From Mountain to Mole hill in a couple of months the scrap prices have fallen to unimaginable figures.Due to the falling prices you see moles turn into mountains of scrap and Junk Yards. Traders agree for a price while they ship and before the shipme
Scrap Market Prices – Not all Gloom and Doom
From Mountain to Mole hill in a couple of months the scrap prices have fallen to unimaginable figures.Due to the falling prices you see moles turn into mountains of scrap and Junk Yards. Traders agree for a price while they ship and before the shipment reaches the ports the rates fall drastically that a lot of importers couldn’t clear the shipment and honor the contract. They are happy to loose the 20% advance they paid to scrap suppliers rather than paying in full and incurring the loss. So what happens now?
We decided to see how the Local Market in India copes up with the situation. The best place to start was the local Junk Yards where they purchase the scrap from street vendors and small scrap shops. We had visited about 30 yards in South India and here are the current rates they had supplied us. This is their selling rate. To be precise, this is their OnSite price where exporters and other companies weigh the scrap, load it and transport to their destinations. These prices are exclusive of loading and transportation.
There appears to be a considerable amount of business done in the Scrap Yards. They were relatively busy even though most of the owners said that they had heavy losses from Feb-2008 to Nov 2008.
Here are the Rates..
Scrap Metal Prices per KG
Copper - 200 Rupees 4$
Brass – 170 Rupees 3.6$
Lead - 60 Rupees 1.2$
Steel Parts - 13 Rupees .28$
Steel Bars/Rods - 20 Rupees .40$
Tin - 11 Rupees .2$
Aluminium - 65 Rupees 1.3$
Plastic Scrap per KG
HDPE/LDPE - 10 Rupees .2$
PET – 8 Rupees .18
Paper Scrap Per Kg
CardBoard – 4 Rupees .1$
Books and Magazines – 5 Rupees .1$
Note Book – 10 Rupees - .2$
News Paper – 4 Rupees .1$
If the rates are different in your area please leave a comment with your Location and Price.