2016 Scrap Metal Market Conditions & Outlook
Posted: January 8, 2016
With the cold season here we know that there are a lot of problems that can take place both at home and on the job site…so make sure that you get all of your pipes wrapped, heaters on, and gas in the tank of the cars.
Scrap prices are relatively unchanged since the end of 2015, and it is going to be a very different market in 2016. Many people keep asking where we see the market going, and that is no longer an easy answer.
Scrap Metal Market Is Headed Down
With the uncertain times in the world markets right now we think that the market will be headed further down. While that is not something that people want to hear, we have continued to say since the middle of 2015 that the markets were heading down and won’t be stopping for a while.
If you have followed the Chinese and other overseas markets you would have seen a large drop in the overall value of many of the stock markets and their expectations. The markets are really in limbo all over the world right now and with little guidance or cement evidence for improvement it will be very difficult to see large increases coming anytime soon.
Current Scrap Metal Prices
Current Scrap Metal Prices at Rockaway Recycling
Once Upon A Time….
There used to be reasons, patterns, and predictable time periods where the prices of metals would go up…and in turn go down. Since the early 2000’s so much of the trading has been taken over by the people on Wall Street that we have not been able to really get a good grasp on where the metals are going and why they are going.
Where are the markets headed next? Who knows, things are all over the map and it is really tough to guess what we are doing and where we are going from here.
One of the reasons that we constantly are updating our prices online is so you know where the markets are, and coming soon we will have some historic data so you can see where the markets have been.
Any questions that you have please let us know and we will get them answered as quickly as possible. Thank you for the opportunity to earn your business in 2015, and we look forward to continuing to earn it into 2016.
Where Will The Markets Go?
There are so many questions out there about where this market is headed and unfortunately we do not have the answers. We want to be realistic and tell people that things are not going to be that easy, but that you will have to bunker down and prepare to weather the storm the next few months and possibly years (hopefully not…). The price of oil has really killed a lot of the commodity pricing, scrap metal specifically, and because of that we have to prepare for a market that will not be very friendly this year.
Some are predicting that the price of gold will shoot up because so many metals are so low but that may be tough to guess right now. With so many economists contradicting each other, it is tough to really see the forest through the trees and to get a real grip on what is going to be happening going forward with the market.
Have Questions About The Prices?
Check Out Some Of The Other News:
Winter Time Scrapping
December 12th, 2016
The winter time can be hard for small businesses in New Jersey. A common question we get when it snows is "Are you open?" and most of the time our…
Scrapping Carbide & Tungsten: What To Know
August 16th, 2016
Hey guys, Sean back with a little bit more scrap info. Everyone knows the basic scrap metals but we're going to to discuss rare metals and hit on a certain…
Difference Between Aluminum Scrap We Buy
August 4th, 2016
Hey Scrappers! I wanted to talk to you about some of the difference kinds of aluminum we buy at Rockaway Recycling, a scrap yard in New Jersey. We buy all…
Determining Different Types of Scrap Catalytic Converters
July 6th, 2016
Hey Scrappers! I hope everyone enjoyed their long weekend, I know I did. Food, family, and fireworks! Recycling Your Scrap Catalytic Converters Let's talk about some catalytic converters. When you…
Buying A123 Scrap Batteries for Scrap
June 28th, 2016
Rockaway Recycling has always tried to be up front and honest with our customers. Since the day we started posting our updated prices on our website, we have constantly strived…