Metal Monday #35 with Nick and Brett

Oct. 26th, 2020: In this Metal Monday we once again see the non ferrous markets take a slight dip. Last week we saw the same thing however by the end of the week they all recovered. We will have to wait to see what the market does and where things land. The guys touch base on how the seasons can effect the pricing and flow of materials.

Transcription

welcome everybody sitting here with brett for another metal monday how you doing today brett doing good man uh i mean i’m doing better than the markets are doing this morning so yeah but that is what it is i mean we saw this a week ago monday it was copper was off again and then it kind of recovered yeah and today it’s off three four cents and i mean everything’s off you know nickels off a little still above seven at least it was an hour ago yeah um nickel still above seven platinum palladium we’re both down about 30 bucks yeah um i think the only metal that wasn’t red i think was lead if i remember right this yeah it’s a 0.001 yeah it was the only one hanging on to the edge of the cliff yeah greenville you know but overall like if you look at 30 day chart things are still just kind of i mean 30 days ago was a lot worse than it is today and i always say if you don’t like volatile volatility you’re in the wrong damn business because the way that the commodities move i mean

especially right now election year craziness the way this stuff’s going they’re you know they’re talking about more stimulus which is eventually that i think it’s going to happen no matter who gets elected and when that happens that dollar is going to get pushed down and we’re going to see a good run in commodities just my two cents but i think that from a dollar value standpoint it’s going to come off and we’re going to get a good run what’s a infrastructure bill going to do to the commodities if that ever goes through by whatever side you know i don’t know i mean we’ll see maybe have some positive effects on the the steel side i mean i think that you’re on the non-ferrous you know that’s really really controlled by the dollar i mean not that the ferris isn’t but the daily volatility that we get on the precious metals and then your base metals that’s very like dollar driven um in my opinion so the infrastructure is maybe a more longer term play on the steel side maybe a little bit on the copper side a little bit of that but i

don’t i don’t see that that’s not that’s not the real big volatility that we’re gonna get i’ve got a question for you that i i hear it come up every once in a while is weather like today is october 26th over here it’s cold it’s cold yeah like i’ve always been under the transport the weather doesn’t affect it too much but if it gets bad enough and the interrupts some of the the ships that is that where you see some of the effects on the markets you know i’m not an expert on like the big ship exporting business i just know how it affects our business and our region yeah and i it our markets are more price driven like when the pricing is good as long as there’s not a two inches or two feet of snow on the ground then your volume should stay relatively decent as long as the economy is moving um weather isn’t what there’s only really for us we have two two times a year that we get maybe a little bit of effect when it’s july august and it’s 105 degrees outside and then when it’s december

or january more january than anything when it’s zero degrees because december we are we stay fairly busy as people go into the holidays or you’re cleaning up we’re trying to make a little extra money um i don’t see that being any different this year so but usually that january can be a slow month if the if the if the weather is pretty cold then it’s pretty froze outside yeah you can see some dips in your volumes uh when it hits zero but if it stays like you know in your tens the zeros for a week plus yeah people learn people adapt quickly okay all right that second week it starts to pick right back yeah same with the hot weather yeah if you get two three weeks first hot snap where it’s just like sweltering mm-hmm yeah people almost try to wait it out and then once they real like realize it’s still hot and i need some money my bin it’s very much more price driven than it ever is weather driven for us yeah okay well next week will be into november i’m not sure if we’ll know meanwhile that will

be november 2nd yeah so it’ll be election day right no tuesday night the third third i mean the third election day so we’ll start to talk about the november ferris markets probably the following week we’ll really know where that lands but be prepared for some good volatility i think we’re gonna get it next few weeks the next few weeks could be some good metal mondays for everybody it should be it’ll be interesting yep all right thanks everybody thank you