Cost of copper

redline

I was just wonder what other people are paying for copper.

What is 14/2 nm 250' residential wire selling for in your area? (what state are you in?)

thanks

Sparky Joe

I'm in SLC, 1 year ago when I last bought it 12/2 was $35/250', last November $55, last week when I had my cousin buy it 106 friggin dollars 12/2 Romex, I couldn't believe it.
Stinkin China buying up all our building materials(concrete over 100/yard) I always thought you feed your family before you feed your neighbors.

Speedy Petey

Two days ago:
$104 - 12/2
$65 - 14/2

I am truly at a loss.

I used to stock up and buy 3-5 rolls of 2-wire just to have on hand. I buy 1k' rolls to do houses. Now I buy exactly what I need. I hate not having the stock on hand.....but come on!

__________________
Sometimes I feel like if I answer any more questions it is like someone trying to climb over a fence to jump off a bridge and me giving them a boost.

IvoryRing

Petey, if you presume prices will continue to rise, you'd be wise to buy as much as you can safely afford now, and charge 'current market price' when you do each job. Much as I hate it when folks (selling to me) do this to me, it IS the right (from the capitolist pov) way to handle it. Of course, if EVERYONE does the same thing, it drives the prices up higher. The flip side of that, is that if everyone except you does the same thing, the 'current' prices still go up for everyone, but YOU end up paying more than the other guys that bought early.

It is only when prices are falling rapidly that you want to have 'minimum onhand inventory'.

redline

Two weeks ago 14/2 was selling at $40 and now it is $58. China is using it all up. The commodities market has been trading copper up and the price has doubled since the start of the year. China is also buying more and more gas.

Sparky Joe

What is the deal anyway, does anyone see an end in sight, and how?(about the rising building materials costs, that is). Does anyone have any insight to this subject?

tribe_fan

Personally I thinke we are seeing the effects of the Hurricanes in the US and Mexico. There has to be huge demand for all building materials.

redline

I have been told that the war in Iraq needed 900,000 sheets of plywood for rebuilding. The hurricanes and floods have put a demand of building supplies. With the cost of gas at record highs this puts additional cost to transport the materials. China is also buying and using more materials as their economy is growing.

redline

14/2 250' selling for $65
12/2 250' selling for $129
1/2 copper pipe type L - 10' selling for over $21

redline

Up another $10

allpraisebob

250' of 12/2 is going for $91.90 at HDs in Tampa, FL - up from $56 3 months ago.