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Old 03-11-2011, 09:43 PM   #16
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What's with the price of wire?????


Supply & demand. Right now, home building is down, people are not remodeling, so costs are high. Plus, a lot of our Copper ore comes by ship from outside the continental United States.

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Old 03-12-2011, 09:19 AM   #17
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What's with the price of wire?????


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Supply & demand. Right now, home building is down, people are not remodeling, so costs are high. Plus, a lot of our Copper ore comes by ship from outside the continental United States
That doesn't make sense. When demand is down, supply should be up and price should be down.
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Old 03-12-2011, 10:21 AM   #18
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What's with the price of wire?????


In this case, Demand is down, but supply is up, and the price of the ore has gone up, so a increase in pricing for the finished material.
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Old 03-12-2011, 10:40 AM   #19
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What's with the price of wire?????


While domestic demand may be down, copper is a world-wide commodity. Places like China can exert pressure on world prices, making the wire more costly here ....
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Old 03-12-2011, 11:24 AM   #20
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What's with the price of wire?????


We saw what happened during WWII when commodities became scarce due to the war effort.
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Old 03-12-2011, 11:26 AM   #21
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What's with the price of wire?????


Price of oil drives everything.

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