welcome everybody we’re here with uh episode of metal monday we’ve had a few weeks off due to traveling one week i was i was unavailable i was gone last week but we’re back metal monday is back in full effect and we’ve missed everybody’s missed a lot man like we got like we were almost at three dollar copper last week well we brushed up against it yeah you know we’re back to low 290s this morning um platinum is up palladium’s on is running hard silver what hit the first time it hit 20 dollars since 2016 yeah which silver’s more viewed as an industrial metal you know nickels hanging around that six dollar mark aluminum is around 73 so things are i mean you know compared to a couple months ago they they look a lot better than they were so pretty good about that i don’t think any at least i didn’t think we didn’t have 290 copper right now i thought we’d be a little ways out yeah i was i had always was kind of preaching at 285 you know when i get we’re gonna get to 285 again and then it
blew past 285 and maybe it’s starting to feel like it’s pulling back you know maybe just a little bit to take a breath but you know but traditionally you kind of see that you see it take a hard run you know it gets close to three then it kind of corrects to the true number it feels like we’re at that point right now um that it’s either gonna push up above three dollars and or we’re gonna go to see that 260 70 mark again that’s you know that’s kind of my gut feel but i think there’s still some more in it just by watching how you know the the other metals and you know the dollars you know getting pushed down which definitely is helping the commodities cost and on the other side of that like when you’re out there selling our copper loads brett you’re still getting some really good feedback people are still buying it aggressive they don’t think it’s going to take you know the spreads are still tight you know we were able to move some loads um get some loads placed the last you know this last week um
you know everything from chops to number one number two we you know we moved a good jag of material um and the spreads were you know were pretty good um so i think that’s a that’s a good sign that means that it’s still in the supply is still fairly tight and to go back to ferris we didn’t really even talk about your july ferris like that didn’t nearly sideways most part you know across the board is what we saw um and i think that that’s that’s a lot due to you know they were they’re telling the market might come off a little bit more than it did but i still think it’s still a supply demand um i think the supply is is not as plentiful as they would as you know as many of the big buyers would like to see and the demand is is hanging in there from the middle side and if the auto if the auto turns back on in the midwest which that’s not really a market that we deal with much but if that does turn back on then you know it could get interesting on the
on the ferris side as well but it seems pretty just flat right now because the midwest and the east they took a bigger hit yeah yeah they came off that market came off but the west coast um export market has hung around um it’s came off a few bucks but it went up you know 20 30 bucks in the middle of um june and then kind of tailed off towards the end which is shitty when you want to sell you know the beginning of july but you know it is what it is and i think it you know but it’s still stabilized they’re still taking the materials the tons are still leaving the us which makes the mills kind of have to you know still come out fairly aggressive all things considered yeah well overall i mean things are looking a lot better hopefully the that momentum keeps going up and we’ll just kind of see what happens and we’ll be back next monday i think we will be back next monday all right thanks