Info Favorites Register Log in
myArmoury.com Discussion Forums

Forum index Memberlist Usergroups Spotlight Topics Search
Forum Index > Makers and Manufacturers Talk > Brass goes up again Reply to topic
This is a standard topic  
Author Message
Allan Senefelder
Industry Professional



Location: Upstate NY
Joined: 18 Oct 2003

Posts: 1,563

Feedback score: None
PostPosted: Fri 15 Aug, 2008 11:47 am    Post subject: Brass goes up again         Reply with quote

An update on raw materials costs. Brass just jumped by 8% since Tuesday( second jump this year) yeilding a 232% increase in its cost since 2006.
View user's profile Send private message Visit poster's website
Christopher Gregg




Location: Louisville, KY
Joined: 14 Nov 2007
Reading list: 2 books

Posts: 675

Feedback score: 100%
(1 total ▮ 100% positive)
PostPosted: Fri 15 Aug, 2008 12:00 pm    Post subject:         Reply with quote

Allan, is this due to the increased price of copper?
Christopher Gregg

'S Rioghal Mo Dhream!
View user's profile Send private message
Allan Senefelder
Industry Professional



Location: Upstate NY
Joined: 18 Oct 2003

Posts: 1,563

Feedback score: None
PostPosted: Fri 15 Aug, 2008 1:59 pm    Post subject:         Reply with quote

First applogies, missed key stroke, 132% not 232%.

I don't think so at least not this last one as an English and several Chinese commodities firms were busted by international law enforcement a few weeks ago with loads of warehouses full of copper, they were buying up to artificially jack up the price ( same thing happend out of a Fed sting started in March on domenstic oil commodities brokers, last month when the price of oil started to go down its because the Fed rounded up hundereds at one firm doing the exact same thing and the rest got paranoid and stopped buying oil shares/lots). The price on copper has actually come down a little since that hit.
View user's profile Send private message Visit poster's website
Wes Pryor





Joined: 21 Jul 2004

Posts: 7

Feedback score: None
PostPosted: Tue 19 Aug, 2008 2:19 pm    Post subject:         Reply with quote

Christopher Gregg wrote:
Allan, is this due to the increased price of copper?


There are probably more factors, but I know that one of them is the demand made by the military.

Brass is used for the shell casing of ammunition. Unlike some countries the U.S. does not use steel casings for the ammo we make for our military.

.
View user's profile Send private message
Wes Pryor





Joined: 21 Jul 2004

Posts: 7

Feedback score: None
PostPosted: Tue 19 Aug, 2008 2:21 pm    Post subject:         Reply with quote

Christopher Gregg wrote:
Allan, is this due to the increased price of copper?


There are probably more factors, but I know that one of them is the demand made by the military.

Brass is used for the shell casing of ammunition. Unlike some countries the U.S. does not use steel casings for the ammo we make for our military.

.
View user's profile Send private message


Display posts from previous:   
Forum Index > Makers and Manufacturers Talk > Brass goes up again
Page 1 of 1 Reply to topic
All times are GMT - 8 Hours

View previous topic :: View next topic
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum






All contents © Copyright 2003-2024 myArmoury.com — All rights reserved
Discussion forums powered by phpBB © The phpBB Group
Switch to the Basic Low-bandwidth Version of the forum