Copper is up again today after closing up yesterday over $.08/lbs. As a result we may see a multiplier increase effective tomorrow, 8/25. Please call your Merfish United representative to place orders now.
For more information on what’s happening in the market, see below. The full article can be read here.
As energy shortages continued, supply remained low, and the Biden Administration announced a new initiative for wind farms on both coasts, copper price rose even higher, closing at $4.63 on October 14, and surging again on Friday morning, where as of this writing, it sits at $4.75 a pound, which is 70 cents higher than it was just 10 days ago. Offshore wind farms require an immense amount of copper, and with supplies currently low, the price jumped following the announcement. In fact, one analyst now believes copper will reach a 521,000 metric tonne deficit by the end of the year, so prices could remain high during the fourth quarter.
From tED Magazine.
How we can help:
Merfish United’s business model – which enables wholesalers to buy a broad array of pipe products from one supplier, at low minimums for FFA – is designed for low and unpredictable volume scenarios, exactly like the one we are in right now. Call your representative now to schedule your next weekly delivery of mixed-and-matched pipe products.