[SEL] Low Tension Coils

[Curt]

Charlie,
Price of copper has come down about 30% from the high last year. Try 
buying 4 million pounds of copper every month and see what that does to 
your cash flow. A few years ago we were buying copper for .97 per pound. 
At the peak is was over $3 a pound. Now it's back around $2. Our cash 
flow went from needing 4 million $ every month to 12 million $ almost 
overnight. THAT will crimp your style!
What's sad is that the coil makers were making coils from copper bought 
at a buck a pound and they continued to sell at the old price even 
though the metal cost was three times that. Now that inventories have 
run out they are getting a bit of a shock when they go to replace that 
wire. Ouch!
Curt Holland
Gastonia, NC

Charles R Bryant wrote:
> In the next few months I think we are going to see 
> a big increase in the price of low tension coils. As 
> you know the price of copper has tripled in price this 
> past year or so.My friend in Missouri who for the past
> several years has been making low tension coils tells
> me the last copper wire he priced was $20 per pound.
>  He uses 1 1/4 pounds of copper wire per coil and until 
> last year was selling them for $25 ea. Even though since
>  then he has increased his price to $30 its going to cost him just
> for the wire about $26. Another vender who sells his for about $10 
> more was saying even at his price he was selling his for it was not 
> a very profitable venture..
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