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LEAD PRICES going UP SOON?????

Discussion in 'Shooting Related Threads' started by omahasportingsupply, Feb 22, 2008.

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  1. omahasportingsupply

    omahasportingsupply TS Member

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    Don't shoot the messenger, but I called two wholesalers that I purchase from and neither would give me a price quote on lead until they find out their new cost factor. Their best GUESS, is that lead will cost me over $40 (wholesale) on Monday. I buy lead from these people on a regular basis and have current orders (and bills paid) with them. They told me that they are hearing from once a year customers who are coming out of the woodwork to lock in lead prices. I called a large retailer in Omaha NE. and they are charging $38.95 for lead and $49. for their cheapest shells. They won't hold the price unless you are at the cash register with pictures of green, dead, presidents. To some of you people, I have read that you are paying these prices already. It will be sticker shock for us also. Omaha
     
  2. blizzard

    blizzard Active Member

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    Thanks for the "heads up".
     
  3. Ellen

    Ellen TS Member

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    I thought the price of lead was coming down.
    Now I am really confused.
     
  4. nipper

    nipper TS Member

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    i worked today for 3 hours looking for wheel weights, went into one shop that said a couple weeks ago they didnt have any,went back in today and loaded up at least three 5 gallon buckets at minimum cost and will soon turn this into 6 bags of home made shot, so even 70.00 a bag does not concern me. within the last month and half i have over 400 pounds of shot.

    Bill
     
  5. mike moncilovich

    mike moncilovich TS Member

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    AMAZING!!!! China has 1/11 of the gross national product of us and average meanial wage is 23 cents (US equvalent)last data 2006 and the population near four times ours. How can they afford to buy all these minerals and oil, along with the escalades that GM is producing there (55,000),2007. I remember my grandfather showing me check stubs from his coal mining career ($.27) an hr. Before that they got paid in cash and by the ton. No, he couldn't afford an escalade. It is remarkable how they can stretch their currency. Can anyone tell me how this is done?
     
  6. slowdp

    slowdp TS Member

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    The price will be coming down soon. I just bought stock in a lead mining company. Whenever I buy stock their wares drop like a rock - their stock as well.
     
  7. Joe Potosky

    Joe Potosky Well-Known Member

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    Wal-Mart...
     
  8. Brian in Oregon

    Brian in Oregon Well-Known Member

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    slowdp, quote: "The price will be coming down soon. I just bought stock in a lead mining company. Whenever I buy stock their wares drop like a rock - their stock as well."<br>
    <br>
    Thanks for your generous self-sacrifice!
     
  9. KEYBEAR

    KEYBEAR Active Member

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    slowdp From the trap shooters around the country THANKS
     
  10. hmb

    hmb Well-Known Member

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    Todays price is $1.49 a pound. HMB
     
  11. pendennis

    pendennis Well-Known Member

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    Location:
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    The Chinese are still the biggest driver of lead prices. A story ran today, that Chinese smelters were holding down production in anticipation of changes in the export tax on lead from China. The rate may go from 10% to 15%.

    However, overall lead prices are still on the decline. Today's price is down from the last two days.

    For lead to get back to $50/25lbs, lead will have to go to 1.80 on the LME.

    Right now, lead is being sold in stores based on its higher per-pound prices.

    Best,
    Dennis
     
  12. abiezer

    abiezer Guest

    I thought it was on the way down at $1.11lb in Jan.
    now it's shot back up.
    [​IMG]
     
  13. hmb

    hmb Well-Known Member

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    Dennis,

    Take a look at the charts. The price of lead two days ago was $1.48 and today it closed at $1.48. Supply is low, demand is high. Which way do think the price is going to go. HMB
     
  14. omahasportingsupply

    omahasportingsupply TS Member

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    I have all of these hours of Economics classes going to waste here. I thought that with lead shot being so high, I could buy reloaders cheaper, then fix them up on the days I can't shoot. When reloading starts again someday, I would be sitting on a gold mine. Have you seen the prices a rusty old MEC from an estate sale brings on Ebay? Did I mention that it has half of the pieces missing and the seller states that it works perfectly because it goes up and down? They all need serious cleaning or the rust would fall off! Only a few hundred dollars at the MEC site and you will have a like new loader! Then you will start saving thousand of dollars by reloading your own shells. IMHO Omaha
     
  15. Barrelbulge(Fl)

    Barrelbulge(Fl) Banned User Banned TS Supporters

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    Maybe we should all buy toys from China and melt them down for the lead! It may be cheaper. LOL. Mike
     
  16. tom-n8ies

    tom-n8ies Member

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    You beat me to it!

    tom
     
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