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Overview of Services
MORNING OPEN REPORT

The Morning Report is compiled beginning at 8:05 AM EST when the London Metal Exchange begins trading on the spot market. The 3 month market trades 24 hours a day, therefore its data is ongoing. By 8:30 AM EST the COMEX market is completely open and these opening figures are represented in our report.
Another important feature is the Warehouse Stocks, reported by both LME and COMEX each morning. In between LME and COMEX, we gather data from the FOREX index, which includes currencies and precious metals, and from the stock exchanges, such as the Dow Jones and the NASDAQ. This Morning report is sent out at about 9:00 AM ET, allowing for the 30 minute delay required by the data suppliers. Most of our clients have the report in their offices by 9:05 AM ET. If you happen to be in Central Time or further west, your report will be there before you even get to work!

Click to see the Faxed version of the Morning Report
Click to see the Emailed version of the Morning Report

AFTERNOON CLOSE REPORT
The Afternoon Report is compiled at 1:30 PM EST. London Metal Exchange's Spot trading closed unofficially at about 11:40 AM ET, but the 3 month metal trading continues throughout the day. The Kerb prices reflect these "after-hours" trading. COMEX finishes its closing at somewhere between 1:40 and 2:00pm, depending on floor traders. You will see an update of the FOREX currencies, and the stock market indexes too. The Afternoon Report will show you how the day's trading finished out, so you will know what to expect for the next day.

Reports feature composite prices for Nonferrous Scrap at Primary and Secondary Smelter Mills, Ferrous Scrap, and stainless steel prices. These prices are collected from various sources across the United States and Canada, and then reported as an average figure. These prices can help you be sure that you are dealing with the same price curve as your competitors.

Click to see the Faxed version of the Afternoon Report
Click to see the Emailed version of the Afternoon Report

LIVE MARKET QUOTES
The Scrap Post offers continuously updating Market Quotes. These market quotes are fed to our website from the London Metals Exchange (LME), The New York Commodities Exchange (COMEX), and a few smaller exchanges for currencies and stock indices. Subscribers who choose regular Web Access service will see data delayed by 30 minutes. Customers may choose instead to view market data with no delay at a higher cost.

This Market Quote system is part of our website itself, so there is no software to install, no special setup is needed in order to view this data. You simply log into the site and click the the quotes page you wish to view. The data will refresh itself every few minutes if left unattended.

Each exchange charges a fee per person, which The Scrap Post pays on our subscribers' behalf. But this fee is variable - the exchanges reserve the right to change the price at will. For this reason, our live market data customers are charged a subscription price plus exchange fees, so that customers will be aware the actual monthly charge could vary by a few dollars in the future.

THE TRADERS CORNER
The Traders Corner is an invaluable tool for every trader. Our clients (and non-clients too) can list scrap materials and equipment that they are buying or selling. Then you can get that list delivered to your office by 9 AM ET on Tuesdays and Thursdays- just in time for your day's trading. Have you got a load of UBC's to sell? Find out who's buying at the best price. Are you a mill needing copper? Find out who is selling what you need today.

The printed Traders Corner is crafted during the 24 hours prior to its publishing. We never recycle these listings! You can be sure that the entries you see in our Buy-Sell listings are the real prices that companies are reporting and have asked us to post for that week only.

The easiest way to post your goods for Buy or Sell is to do it right here on our web site! It will post automatically at any hours of the day or night. The postings you make here on our web site are downloaded into our faxed form as well, so even our fax clients will see your listing. Then your posting will be viewed by thousands of other dealers, mills, and processing plants.

Click to see the Traders Corner

 

Web Site Access
Includes:
links to samples

Morning Reports
Afternoon Reports

Report Archives
Updating Market Quotes
Daily Metals News

 


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