hey everybody this is Nick with recycled Idaho I’m sitting here with that it’s Monday day after the Super Bowl and we wanted to kind of sit down here and talk about the market how you doing bet doing good man Monday after the Super Bowl just trying to get the crusty other eyes and get things moving for the day yeah I think earlier you said it’s kind of like the day after Christmas everyone’s a little bit tired today yeah you can definitely see it but we got stuff that needs to get done I won’t need to get done but stuff that needs to get done and we’re gonna see what happens today so last week we bought a good amount of copper Bret and what did copper do on Monday last week copper last Monday was a bloodbath I think we lost 17 18 cents somewhere in there and then throughout the week we lost a few more cents on a daily basis it was pretty rough pretty rough week for copper last week yeah as you can see today with sin around 50 to 53 cents and I mean shoot like not that

long ago week two weeks ago we were you know 283 so those are pretty big swings in our world but all we can really do is it just you’ve been doing this a lot longer than me Brett and that’s why I’m excited to start doing this some of these Monday so I can start learning a little bit more why do you think all these different markets you know aluminum copper nickel and iron which we’ll get to are all on there down away going down you know I don’t know I think the I’m not a guru or anything like that I think the biggest thing is we had the unexpected virus thing in China that’s really kicked off a lot of that’s kicked off the news cycle and that’s kind of driving everybody to be a lot more cautious a lot more nervous obviously this is a election year and it seems like every time we have an election year things can get really volatile so combine those two things and everything that’s going on in the news week export market you’re gonna have some some pretty big swings China is a big consumer of

copper the largest in the world so if there’s issues in China you’re gonna definitely see it in the copper market and you brought up the export market how does that affect say we have a real strong domestic market but the export market is down for ferrous does that affect the pricing yeah I mean I’ve said this a fair amount of times over the years but it mean to have a strong Faris market you it’s kind of like having a good auction you need at least two people in the room that want that they want that item if you have only one person they’re gonna buy it cheap and right now the the main buyer is the domestic steel mills they seem to be running pretty hard I was reading someone they amend their run at 81 82 % so they’re definitely the demand is there for them but with export market dragging along so hard that just doesn’t doesn’t help us scrap recycler only puts one person at the auction and one person to the oxygen we all know doesn’t drive the price you need to yeah you need two people after the the same

item so that totally makes sense to me I think you mentioned earlier that aluminum zetas it was it a three year low three year low question along that three year low for aluminum I think the 2016 pricing it’s kind of been bouncing around that mid high 70s in the into the low 80s lately but you’re you see if you look at that chart just definitely came off along with copper it’s also driven a lot by China so the domestic demand I think it’s still there but there’s a lot of material in the market yeah I mean I remember when aluminum just so much better and it’s just been down in the dumps for a while so hopefully we see some relief on that the recycling centers feel that you know your local recycling center guys that buy aluminum cans and your 60-63 extrusions from your you know your window guys and stuff like you know guys like that they really feel that you know it’s the price of new aluminum hasn’t came off that much but this price of scrap has definitely came off yeah so we also have led up here which

you’ll find a lot of lead in our car batteries and then you’re clean lead and that’s really been pretty stagnant pretty normal don’t you agree yeah the export market came off a little bit on lead so that’s brought your pricier batteries yes it’s down a center too but it’s bounced back up the last few days so we’ll see and last I lease on our charts is nickel which we see here a nickel will really affect your stainless pricing and and that as you can see on the chart has been down quite a bit in the last 30 days yeah yeah stainless obviously is driven your stainless pricing we over here in our area we only we see for the most part 304 316 stainless we don’t see a bunch of other alloys mostly just your food grade stuff so you the nickel pricing affects stainless price not big swings like you would on your high temps but it definitely pushes that market around for us all right well I think we’ve covered most of them I’m hoping next week we can give people a little bit more positive news and have anything to add

Brett Ferris pricing you know we’re looking at a Down month hopefully it’s not off significantly but it feels like we’re you know we’re gonna take some down money in February hopefully it’s less than more but we’ll see time will tell we should know this week you know which direction that’s gonna go and how far it’s gonna go down so that’s all I have okay well when we know the Ferriss pricing will update everybody on that as well thanks Brett thank you sir