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AGgressive Metal
Administrator
USA
1937 Posts |
 Posted - 07/03/2009 : 23:20:50
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I have heard that Alcoa (AA) stock price is languishing for the time being because there is "structural over-supply" of aluminum currently (or something like that). It may be a moderately long wait for anyone sitting on a stockpile of aluminum cans. Obviously manufacturing demand is down and energy prices are still off their peak. Any counter-arguments?
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And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 07/05/2009 : 23:39:00
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Darn, I always stockpile the wrong things.
Actually, the true markets don't always strictly follow logic. I am in the market, and I have seen a slight uptick in price per ton for actual tons delivered over the last few months. While I would certainly not call it a strong market, it has been steady.
Alcoa stock price can go down due to the cost of getting the product out of the ground and market ready, rather than just the market price of the commodity. They also have to compete with existing stockpiles, so they can't push the price up to where they would like it to increase profits. The lack of short-term potential upside for them would cause their stock price to languish. There is a structural over-supply of many commodities right now. The aluminum cans require far less energy and no mining to bring the commodity to market.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 07/05/2009 : 23:44:00
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| Haha, can you send a few 100tons and use it as a fortification around the house? |
Trolling is an art. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 07/07/2009 : 00:38:14
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| Yeah, but those city zoning officers are kinda funny about that. Besides, where you live, those bales would disappear in a hurry. They only weigh 900-1000 pounds each.. the locals would find a way to steal them. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 07/07/2009 : 08:31:39
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| damn, and cements 3bucks a bag |
Trolling is an art. |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 07/07/2009 : 15:51:14
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| Yeah, just coat them with cement and you have an instant bunker, haha. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Nickelless
Administrator
USA
5580 Posts |
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Aluminum over-supply?
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