all right welcome everybody it is march 8th and it is monday what’s up brett monday fun day we got copper i mean copper’s i haven’t checked in a little while i’m lazy it’s like up two pennies as of right now so why i mean a lot of people use the kitko app why is the kitko app different than the comex just real quick do you what do they use well the kicko app like the free kicko app is based off the london metal exchange and it’s delayed so you use that’s lme but you’re selling off comments right so i mean and comex is provides your futures contract so like if you sell today you know like let’s say when we sell chops today we’re selling off like may comex right so there’s not a huge spread but there can be sometimes you know you know a center too just depends but generally speaking i i pay attention to the comex for copper aluminum just because that’s what you’re selling off of then obviously keep a pretty good eye on the midwest premium because that’s kind of the delta between say your your lme price

the midwest premium and then kind of this and then also supply demand like what different mills need at the time or let’s say there’s guys out there that book you know x y z tons of of x y z aluminum per month and they guarantee that they’re going to be able to find that material for the mill they’re based off formula pricing so sometimes they’re short sometimes they’re long that’s why it’s good to have contacts a few different buyers for each grade and material you sell just because you never know who’s in a position that they can be a little stronger on price or in a position where they might have oversold what they thought they could buy they have to come up with a better price to drag a few more tons out to fulfill their mill contracts um so it’s good to just you know have a couple options for each grade so last week we talked about ferris for march we we knew it was supposed that it was going to be up they took away 60 last month yeah in that range around there did they give it all back

most of it all right i think depends on the grade but you should get most of it back this month and i think april’s going to be even stronger so we’re going to be um up again hopefully i mean a lot can change by then you never know what can happen but i firmly believe so um i’ve been wrong before but i feel like this month is uh if they just if it never would have took february away and just kept on the grind we would still be where we’re at but the flow would be a lot better yeah when you choke everybody out you know as far as like our customers like when we’re we tell everybody oh you’re down 50-60 bucks i mean they’re it just really unmotivates people to haul scrap you know especially if um if there’s if they think that down the road it’s especially in february when it was cold like we got that cold snap so you took the price down you got a cold snap and it just jammed i mean it just basically stopped the material flow yeah we got our even on our

level yeah we got dumped on you know we were almost shut down for like a week on the flow i mean we weren’t shut shut down but yeah the flow shut down the price you know the price took when everyone i talked i didn’t think it should have yeah and what we thought was going to happen did it came back you know at least most of it came back and you know we saw copper adjust thursday just down thursday and nickel but nicole has been getting his butt kicked you know which drag the stainless price down a little bit um so yeah it’s in aluminum you know aluminum got over a buck on the on the on kicko on lme for a while and then it came off back a few cents yeah coppers are like 407. um i think the lone bright spot today is platinum it’s like the only thing that’s even up a little bit um but uh platinum palladium rhodium of all hung pretty strong cool so i think ferris market’s up that’s good you know copper market it looks like it found a bottom i hope that’s good i

think i mean generally speaking going into springtime going into march april may it’s things are fairly feel fairly positive so never count your chickens before they’re hatched but i mean i’m i’m i’m feeling fairly optimistic yeah me too well we’ll keep it rolling and we’ll see everybody in a week all right man take care