For those without extensive experience selling scrap metal, the industry can be a little tricky. Each different type of scrap metal sells for different prices, and those prices can fluctuate on a daily basis depending on the current market conditions. In this article, we’ll talk about some of the factors that determine the value of a metal and contribute to scrap metal price fluctuations! If you’re looking to sell scrap metal in Southeastern Massachusetts, Middleboro Recycling in Middleborough purchases almost all kinds of scrap metal for the best prices in the region! Contact us today to learn more!
Quality Of The Scrap Metal
Quality of the scrap metal refers to the purity and condition of the metal. Scrap metal of higher purity and in better condition will generally fetch a higher price than the metal that is impure or in poor condition. For this reason, it’s a good idea to sort the metal you’re looking to sell based on metal types & condition. Well-sorted scrap metal that is taken to the recycling facility will often generate significant returns!
Supply & Demand
Supply and demand, like with the prices of almost everything, is a crucial factor that affects the value of scrap metal. If there is a high demand for a certain type of metal, the price for that metal will generally be higher. Conversely, if a specific type of metal is in surplus, the price will be lower. For example, when the supply of aluminum exceeds the demand, you should expect a scrap metal facility to offer lower prices for it. If the demand for aluminum exceeds the supply, recycling facilities will be willing to offer more for it.
Price Of Virgin Metals
Newly mined and refined metals also play a role in determining the value of scrap metal. When the price of pure metals is high, scrap metal may fetch a higher price as it can be a more cost-effective alternative. Not every buyer will be willing to get virgin metals because of the price. Hence, they look for the best alternative (scrap metal), raising the price that recycling facilities are willing to pay for scrap.
The value of scrap metal can be influenced by import and export regulations, tariffs, and currency exchange rates, among other factors. These factors can directly or indirectly impact the price of scrap metal in different countries. Trade policies could disrupt the movement of metal from one country to another. When this happens, the value changes, affecting the price that recycling facilities are willing to pay.
Contact Middleboro Recycling!
If you have any questions about selling scrap metal in Southeastern Massachusetts, please don’t hesitate to contact Middleboro Recycling Center! A member of our team would be happy to help you in any way that we can. Give us a call today at (508) 946-2383 or fill out the contact form on our website! If you’re wondering what your scrap metal might be worth, check out the pricing page on our website!