Battery Recycling, Wilson Metal Recycling, 252-243-3586, 404 Maury St. S., Lead Acid, Li-Ion, NiMH, NiCad, NC 27893

Battery Recycling

Wilson, NC, Rocky Mount, NC, Tarboro, NC

Lead Acid, Ni Cad, Li-Ion, NiMH

252-243-3586

Wilson Recycling is a major battery recycling center in Wilson, NC and is a major battery recycling location.  We are the best Recycling Center in the area, serving, Rocky Mount, NC, Tarboro, NC and more.

We buy vehicle and car batteries, Truck and UPS Lead Acid batteries, along with rechargeable batteries. This is one reason why people like us so much!  See us in Wilson or call us at 252-243-3586!  Wilson Recycling also is the place for:

-Li-Ion (Lithium Ion) battery recycling

-NiMH (Nickel Metal Hydride) battery recycling

-Ni-Cd (Nickel Cadmium, NiCad) battery recycling

-Laptop battery recycling

-Lead Acid Battery Recycling

Bring your battery to Wilson Metal Recycling: car, junk car, lead acid, Li-Ion, NiMH, or NiCad!

We play a key role in the metal recycling business whether a person or company is in or out of Wilson, NC. Not only that; we also serve people throughout Wilson County. Others drive to us from Rocky Mount, NC and Tarboro, NC. We have excellent safety policies, and we give great money for your unwanted metals.

So, cell phone batteries, laptop batteries, car batteries, golf cart batteries, car batteries--BRING 'EM ON DOWN!  We pay top dollar for these guys, small or big, with the one exception being alkaline batteries like the ones that go in flashlights and remote controls.

Greg Brown
gbrown@wilsonncscrapmetalrecyclingjg.com
252-243-3586



Also, see
www.goldsboroscrapmetalrecycling.com
www.raleighscrapmetalrecycling.com

Scrap Metal Price per pound in Wilson, NC for Copper, Aluminum and more. Call 252-243-3586

ISRI

Friday Report

As you know we have our weekly report on Mondays that is short and sweet as they say.  With that ISRI has a much more detailed report that I wanted to pass along

So when the week starts out with headlines such as “Commodity prices head for 13-year low” (Financial Times, 7/20) and “Investors Flee Commodities” (Wall Street Journal, 7/20), chances are it’s not going to be a great week in the commodity and scrap markets, and so it was. Continued excess supply (anotherFinancial Times headline this week: “Record BHP iron ore output beats forecasts”) and cooling Chinese demand put additional downward pressure not only on commodity prices but on commodity exporter currencies as well. As one example, the US dollar was briefly buying a remarkable $1.31 Canadian late this week and the greenback appreciated against other commodity-dependent currencies including Australia, Brazil, Mexico and Russia. Reflecting the broad weakness across the commodities spectrum, the Bloomberg Commodity Index lost ground in 3 of the first 4 trading sessions of the week. In New York, crude oil futures dropped below $48/bbl this week – as compared to levels around $95/bbl one year ago. One could reasonably argue that the cheaper oil prices should spur consumer spending, but the sharp drop-off in oil and other commodity prices over the last year is not exactly a vote of confidence in the health of the global economy, and China is still at the top of the list of investor concerns. More on China below but suffice it to say the slowdown in China and deteriorating commodity outlook are weighing heavily on the global scrap marketplace.
This Issue of the Friday Report is Sponsored By...
www.harrisequip.com
In This Issue
Week in Review
On Friday, Markit Economics reported that the Caixin (formerly HSBC) flash China manufacturing PMI dropped from 49.4 in June to 48.2 in July, remaining below the 50-level threshold separating growth from contraction and marking a 15-month low. Commodity markets reacted according with the Bloomberg Commodity Index down more than 1% as energy and metal prices were pressured lower early on. In Shanghai, most actively traded SHFE copper settled 1.6% lower today and copper prices would post early losses in London and New York as well before stabilizing late in the day. COMEX Sep copper traded as low as $2.3505/lb. today before recovering to around $2.38/lb. – small comfort for copper market participants that have seen prices continue to erode from levels around $3.20-$3.25/lb. this time last year. In London, base metals ended the day mixed with LME 3-mo. copper and aluminum last trading around $5,268/mt and $1,645/mt, respectively, while nickel, lead and zinc prices lost ground. After having started the week above $1,815/mt, LME 3-mo. lead traded as low as $1,700/mt before retracing a portion of the day’s losses to climb back above $1,720/mt this afternoon. On Wall Street, the Dow Industrials were down 0.9% this afternoon as stocks headed for their fourth straight loss while the yield on 10-year Treasury notes slipped below 2.26%. At least it’s Friday.
Macro
In the U.S., the economic calendar was pretty light this week (and sorry to our Monday Report readers who got a paragraph in this week’s report that unhelpfully previewed last week’s events, our apologies), but there were some surprisingly positive news. The week’s report on initial unemployment claims showed new claims improbably dropped to the lowest seasonally adjusted level (255,000) since the 1970’s. While we try not to make too much out of one data point, it’s not often that we can report the best reading for an indicator since 1973 (see chart below).
In other U.S. news, existing home sales reportedly improved to a seasonally adjusted annual rate of 5.49 million in June (offsetting a disappointing reading on new home sales, which slipped to 482,000), while the Conference Board reported a healthy 0.6% increase in the U.S. index of leading economic indicators (LEI). According to Ataman Ozyildirim, the Conference Board’s Director of Business Cycles and Growth Research, “The upward trend in the US LEI seems to be gaining more momentum with another large increase in June pointing to continued strength in the economic outlook for the remainder of the year.” Unfortunately, investors today are more concerned that 1) positive U.S. news will encourage the Fed to raise rates sooner rather than later, putting the brakes on equity market gains in particular and 2) Chinese demand is falling faster than output,  contributing to global deflationary pressures and weaker global growth overall. Numbers out this week appear to confirm the slowdown in China’s manufacturing sector with Markit Economics reporting the Caixin flash China manufacturing PMI dropped to a 15-month low of 48.2 in July. At the same time the flash China manufacturing output index fell to a 16-month low of 47.3, also not necessarily good news for commodity prices or scrap demand. As previously reported, the dollar value of U.S. exports of all scrap commodities (including scrap metals, paper, plastic, etc.) to China through May were down 12% as compared to Jan-May 2014, representing a loss in export sales in excess of $350 million.
Ferrous
According to figures released from the World Steel Association this week, Chinese crude steel production during Jan-Jun 2015 declined 1.3% as compared to the first half of 2014 to around 410 million metric tons, contributing to the 2.0% decrease in world steel output so far this year. More worrying is that Chinese steel demand will contract faster than output, with officials from the China Iron and Steel Association quoted as saying earlier in the year that Chinese steel demand could decrease 6% in 2015, leaving more material available for export. Other important markets for ferrous scrap exporters have witnessed even sharper contractions in crude steel output this year including Turkey (-4.3%), Taiwan (-4.6%) and South Korea (-4.9%), while steel output in the U.S. was down 8.6% in the first half of 2015 according to the worldsteel figures. The slowdown in Asian steel production and ferrous scrap demand has reportedly taken a heavy toll on West Coast export prices, with The Steel Index reporting West coast shredded prices have plunged by around $60 per gross ton since June, although a recent uptick in Turkish buying activity helped to support East coast export tags, TSI reports. Looking into August, lackluster domestic steel production and uneven overseas scrap demand are expected to feature prominently with Scrap Trends Outlook’s August indicator signaling bearish at 45.7 and especially so for frag grades (30.0), cut grades (31.6) and foundry grades (32.1). SDI’s president and CEO Mark Millet would seem to agree with the bearish short-term scrap outlook and was quoted as saying inAMM this week that “we don’t see any significant drivers for a scrap price increase in the near future,” adding the difficult market conditions could lead to further consolidation.
Nonferrous
As with other commodities, China remains the focus of attention for nonferrous metals. One of our favorite analysts, Ed Meir of INTL FC Stone, was quoted this week as saying "certainly in the base metals space, the culprit behind the recent selloff has to be the fact that China's voracious appetite for metals seems to be moderating or even declining in many cases,” which is pretty much all you need to know. According to figures released from the International Copper Study Group earlier this week, Chinese apparent demand for refined copper during Jan-Apr 2015 declined 5% (-165,000 mt) year-on-year “…based on a 14% decrease in net imports of refined copper” and contributing to a 4% decrease in world apparent copper usage through April. Even with this year’s supply disruptions, the Study Group estimates world refined copper production exceeded demand by around 62,000 metric tons during Jan-Apr 2015, as compared to a 436,000 mt copper supply deficit during Jan-Apr 2014. Slowing Chinese growth and excess production are not limited to copper, of course, and the latest primary aluminum production figures from the International Aluminum Institute show that reported Chinese aluminum output increased from 13.2 million tons in the first half of 2014 to more than 15.6 million tons in the first half of 2015 (not including unreported Chinese production). As China keeps pumping out excess aluminum and as LME aluminum warehouse stocks have dropped from more than 4.9 million metrics tons this time last year to around 3.48 million tons currently, it’s not surprising that aluminum prices in particular have come under pressure lately. As of this morning, the LME official 3-mo. asking price for aluminum was down to $1,639/mt (or about 74 cents/lb.), a decrease of nearly 12% since the end of 2014. And whileFastmarkets reports that despite the summer lull, the US Midwest aluminum premium has stabilized around 8.25-8.75 cents as “premiums {are} underpinned by high freight costs,” AMM reports aluminum scrap prices are tracking primary prices lower, with secondary prices listed at 54-56 cents for old sheet, 55-57 cents for painted siding, 57-59 cents for MLC and 58-60 cents for old cast.
ISRI Eye on Equities
This Week's Quote

Metal Commodities and Recycling Report, Wilson Metal Recycling, 404 Maury St S, Wilson, NC, 27893, 252-243-3586

Wilson Metal Recycling
Metal Commodities and Recycling Report
404 Maury St. S. Wilson, NC 27893
252-243-3586

 

This is the Commodities and Recycling report, brought to you by BENLEE the industry leader in roll off trailers and open top scrap trailers, as well as Raleigh and Goldsboro Metal Recycling, the leaders in North Carolina for Scrap Metal, Cardboard, Electronics and Junk Cars.

 

Due to our travel schedule this is a special Friday Commodities report July 24th, 2015 instead of our normal Monday report.  My name is Greg Brown, President and CEO of the companies.

 

This week may have been the worst week in the recycling industry since the crash of 2008.

Steel Production

U.S. steel production ticked up a bit again last week, which goes along with the continued slow increase in the U.S. economy. Steel production in the U.S. is clearly off its low of a few months ago, but it remains lower than last year due to the continued flood of imported finished steel goods into the U.S.

Oil Rig Count

The oil rig count which was falling for over six months has turned up a bit in recent weeks, which is good news for steel consumption due to the large amount of steel used in these rigs.

 

Now the bad news. Scrap steel continues to come in from Europe and DRI, which is a substitute for scrap metal, also continues to flow to steel mills, so scrap metal prices remain weak.  Importantly, they are now forecast to fall to yet a new multiyear low early next month.  Many scrap yards have lowered prices in recent days due to this.

Steel Price

This chart shows the current pricing of scrap steel, but when this is updated in about two weeks, as said, it will hit a new multi year low.

Copper Price

Copper is just a bad.  Copper hit a new 6+ year low today.  China’s lack of growth is a huge drag on copper prices.

Copper Stock Levels

Related, copper inventories are close to a new high for the year, so there is more than enough copper in the market to keep prices down.  There is no good news for copper prices.

Aluminum

Aluminum, which also hit new lows two weeks ago, hit new lows yet again in recent days.  China remains shipping Aluminum to the U.S. as their markets slow.

 

Gold also hit multi year lows this week.  Gold which was over $1,900 an ounce number years ago, hit a 5 year low this week and is under $1,100 today.  In summary key drivers for falling commodity prices are China’s slow down and since the U.S. economy is doing OK, the U.S. dollar remains strong, meaning commodities which are priced in dollars are going down.

 

As for industry news, Steel Dynamics which owns OmniSource released earnings this week that showed while OmniSource made money last quarter it was down significantly from last year.  Nucor Steel also released earnings, but they did not say how their recycling group did vs. last year.

 

On the positive side, unemployment claims in the U.S. literally hit a 40 year low last week, meaning job growth is good in the U.S., but many of the new jobs are low wage jobs, which is not good for commodities.

 

On a sad story, Loeb Lorman Metals in Wisconsin has filed for receivership and is up for sale, after about 100 years in business.  With market conditions deteriorating weekly, we know there will be more of this to come.

 

For current prices, please call us at 919-828-5426 in Raleigh, 919-731-5600 in Goldsboro.

 

With that we hope all have a Safe and Profitable week.   Tune in next week for the Commodity and Recycling report.

New Customer Offer, Wilson Metal Recycling, 404 Maury St. S., NC, 27893, 252-243-3586

BEST CUSTOMER SERVICE IN TOWN!!! Wilson Scrap Metal Recycling Come and visit us today at 404 Maury St. S. in Wilson, NC.  All NEW CUSTOMERS receive 3 cents on Non- Ferrous items up to the first 500lbs and 15 cents on Ferrous items up to first 2,000lbs. Items we will purchase include: Junk cars, Car Batteries, Laptops, Desktop Computers, washers, dryers, stoves, microwaves, lamps, brass, copper, even the kitchen sink!! We'll even take the kitchen sink at Wilson Metal Recycling, Wilson, NC!!

___________________________________________________ STAY UP TO DATE BY SUBSCRIBING TO BLOG Stay up to date on all current events and pricing news by subscribing to our blog:  www.wilsonncscrapmetalrecyclingjg.com

REMINDER TO VIEW THE WEEKLY COMMODITY REPORT Reminder that we want all of our customers to view and watch our President, Greg Brown, discuss current pricing trends in the local and North American market, by viewing the weekly commodity report link below.

Weekly Commodity Report

Copper Scrap Metal Prices per pound in Wilson, NC, 252-243-3586, 404 Maury St S., Wilson, NC , 27893

Copper Scrap Metal Prices

Wilson Metal Recycling

404 Maury St. S

Wilson, NC, 27893

Tel 252-243-3586

CNBC's Cramer had a guest on to talk about copper.  See the link below and see the article.
Greg Brown
gbrown@wilsonncscrapmetalrecyclingjg.com
252-243-3586

 http://www.cnbc.com/2015/07/16/cramer-why-copper-gold-are-ready-to-shine.html

Cramer: Why copper & gold are ready to shine

Abigail Stevenson | @A_StevensonCNBC

Thursday, 16 Jul 2015 | 7:00 PM ETCNBC.com

320

SHARES

5

COMMENTSJoin the Discussion

 

Jim Cramer continued Chart Week this week to touch base with some of Mad Money's best technicians and learn more about their mode of analysis and what the future could hold for stocks.

That is why Cramer spoke with Carley Garner, a technician and co-founder of DeCarley Trading and author of "A Trader's First Book on Commodities." She is also Cramer's colleague at RealMoney.com.

Cramer has always said that copper is an important metal that could provide investors with a great read on the state of the global economy, as well as gold which hit an eight-month low on Thursday. He uses copper as a reading especially for China.

Do investors need to have a stomach of steel to invest in these metals, or could it be time to consider a bullish position?

Copper has been on a massive downtrend for months now, but when Garner looked at the charts she thought that maybe the downward slide could be coming to an end. Copper has traded above $2.40 for the past decade, with exception of the financial crisis in 2008.

However, this week brought some volatile action which resulted in the price dropping to $2.38 and quickly reversed into the mid $2.50s. What does this mean?

"For now I'm thinking that $2.40 is going to hold, and if it does then we will run into some resistance at $2.80," Garner said.

Additionally, if the price gets above $2.80, then Garner predicts a massive rally for the bulls, up to even the $3.80s.

One of the reasons why Garner thinks copper could be on an uptrend is because of the seasonal tendencies of it in the past 20 years. Copper has a tendency to trade weaker in the beginning of June, and bottom by early July. Looking at the monthly chart, Garner also sees that it is poised to rally until the end of August.

And while gold obviously has much different fundamentals, Garner saw good news ahead for this precious metal as well. Many investors steer clear of gold because it doesn't have much activity or pay dividends.

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However, Garner thinks that what is important to note about it is the fact that speculators are always long gold and rarely hold a short position. At the moment, there is a small bullish position building in gold, which tells Garner that the market could start heating up again.

"A lot of the weakness in gold has been 100 percent due to the dollar. So, that is a big factor here," Garner added.

Ultimately, Garner said the key level to watch for gold is the support around $1,125 to $1,120. If the price can break above $1,230, that could trigger to make the bulls happy all the way up to $1,305 or $1,400.

Metal Commodities and Recycling Report, Wilson Metal Recycling, 404 Maury St S, Wilson, NC, 27893, 252-243-3586

Wilson Metal Recycling
Metal Commodities and Recycling Report
404 Maury St. S. Wilson, NC 27893
252-243-3586

This is the Commodities and Recycling report, brought to you by BENLEE the industry leader in roll off trailers and open top scrap trailers, as well as Raleigh and Goldsboro Metal Recycling, the leaders in North Carolina for Scrap Metal, Cardboard, Electronics and Junk Cars.

 

Due to our travel schedule this is a special Friday Commodities report July 17th, 2015 instead of our normal Monday report.  My name is Greg Brown, President and CEO of the companies.

 

There was little good news this week in commodities and recycling.

Steel Production

 U.S. steel production ticked up a bit in the last week, which follows with the slow continued increase in the U.S. economy.  As has been reported here, parts of the economy such as home sales and car sales are at 9 to 10 year highs.


Oil Rig Count

The oil rig count that had stabilized and was up for two weeks came down a bit last week.  This follows with oil prices coming down to new multi month lows and means less steel is being used in drilling.

Heavy Melt Price

As for scrap steel prices, as we all know they came down this month and some say they could come down again in August.  With the U.S. dollar strong, scrap metal continues to come in to the U.S. from other parts of the world.  It also means that major importers of scrap steel like China are buying more from Europe and less from the U.S.

Copper Prices

Copper prices which hit new 6+ year lows two weeks ago and then rose a bit, came steadily down last week.

Copper Stocks Level

In another bad sign, copper inventories have been rising for weeks and are near multi month highs.  Bloomberg reported last week that some think copper could drop another 13% this year.  There is no good news for copper.

Aluminum

Aluminum, which also hit new lows two weeks ago, stayed pretty flat at a level just above those new recent lows.

 

As for general news, the U.S. stock market hit new highs last week, and oil hit new multi month lows.  This could help spending and help create demand, which could mean that the bottom for commodities could be close.

 

Permits for new home building rose to the highest level in June since July 2007 and the home building sentiment index, hit a new 10 year high, both very positive signs for good things to come in the economy, but not for recycling, unless China and Europe start growing at a healthy rate.

 

Lastly for those members if ISRI-the scrap recycling organization that have joined the Circle of Safety, you should review joining it to share and improve your safety operational issues with others.

 

For current prices, please call us at 919-828-5426 in Raleigh, 919-731-5600 in Goldsboro.

 

With that we hope all have a Safe and Profitable week.   Tune in next week for the Commodity and Recycling report.