Metal Monday #26 with Nick and Brett

August 24th, 2020: As we get closer to the fourth quarter of 2020. Nick and Brett discuss where the ferrous markets could head to finish out the year.

Transcription

welcome everybody to another metal monday what’s going on brett you know another day in paradise good uh weekend camping yep i i went kayaking with the family paddle boards just here local is some good out trying to soak in the last bit of summer before the kids go back to school this week for my kids so mostly online and this weird weirdness you know in the covid 2020 world cup yeah my my oldest is gonna be a high schooler so i’m feeling a little old nice nice but anyway so the market so far today non-ferrous looks fairly strong fairly sideways up yeah we’re i mean the precious metals have came off a little bit um but the base metal seemed to be holding on it was a friday was it was a pretty decent down day thursday friday on like copper it was it got about three bucks there briefly and then came back down i think thursday we saw it dipped like three to four cents something and a few more pennies on friday yeah so it’s kind of like 25 flame come back claim that 295 again in that range

and i think for the most part the base metals are holding their own you know nickels seem to be holding in that mid sixes and it feels like you know it’s if we can get some positive news more positive news i guess around the virus and you know what what we can expect going forward then i i would assume that we know we’re kind of setting ourselves up for you know pretty strong markets on the commodities and especially with the dollar coming off like it has been yeah i’m you know cautiously optimistic for the fourth quarter to kind of see some markets at least be steady we’re supposed to be seeing good ferris prices in september i mean that you know story isn’t told yet but i mean i think it’s we’re i think it’s gonna happen we should know we probably we most likely won’t know next medal monday yeah but in two weeks we’ll be able to kind of report where that lands yeah everything like i’m reading or like all the forums on like facebook and all that stuff like people are some areas are talking up 20 you know yeah

another 10. yeah it just depends on probably the market you’re selling into over here in idaho you know where we’re selling to the northwest coast and selling you know to the utah region depending on where which facility is coming out of you know even those two regions vary you know in pricing so yeah it just depends on what’s going on but i do anticipate you know a better month in september so well i guess you know we’ll know a little bit more in the next week or so yeah we’ll keep everybody posted and we’ll be back next week i like that new hat we got new hats yeah we got these looking good yeah i love them the flag on it we got the flag on front they’ve been we just got them one last week yeah it looks good we’re still selling our shirts we have a new order should be here this week we ordered another 100 but those things are they go quick september 11th this last uh the day we write the check to the separate five yeah and we’re trying to reach out to their their team to sit

down with us at least on a zoom call to talk so i’m waiting for a word from them but we’ll keep everybody posted on that end have a great week everyone thanks guys see you