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shot prices declining?

Discussion in 'Uncategorized Threads' started by IM390, Oct 15, 2007.

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  1. IM390

    IM390 Member

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    August prices for Magnum shot were topping $42 a bag with talk of going up to $50. My supplier said he wouldn't pay that much and quit buying Remington lead. Now the last October bags of shot purchased were either Lawerance or some outfit in California, both were "Magnum" shot at $37 a bag.
     
  2. dedpair

    dedpair Active Member

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    Well lead closed Friday at $1.83 per lbs. So if you do the math it's raw cost is $45.75 a bag plus cost to drop, bag and ship. Hope all the speculators are right that it has to burst at some point, but for now your looking at $50+ a bag for the near future. I'm planning on stocking up in new shells! Local dealers are still $45 for Rio, Gun Clubs and Estates and @$60 for better Remington and Winchester.

    Jeff G
     
  3. TC

    TC TS Member

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    Does anybody believe that any manufacturer purchases lead on the "spot market"? Kind of like oil companies buying oil on the spot market to run through their refineries.
     
  4. leadvail

    leadvail Member

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    Location:
    Colorado
    Was at Sportsmans today in Denver. Westcoast went up today $12.00 to $49.99 . Bought 16 bags using all of my $10.00 coupons up while they were changing the prices .

    Don't listen to the naysayers (they are still waiting for new cars to go back down to $5000) - buy all the flats that you can before they go up.

    Bob
     
  5. jakearoo

    jakearoo Active Member

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    1,652
    I just bought 40 flats of "Charles Daily" shotshells over the past week at 3.99 a box. And, I would have bought more. Everything I see is going up like a rocket. Jake
     
  6. AveragEd

    AveragEd Well-Known Member

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    Location:
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    Jackie, I was in the local Dick's Sporting Goods (Mechanicsburg, PA) over the weekend and saw Gun Glubs for $46-something a flat and Remington Game Loads for $39-something.

    Ed
     
  7. deercreek

    deercreek Well-Known Member

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    Location:
    Indiana
    As of today early a major dist. that sell Lawrence brand Magnum shot was 45.25 per bag if you buy a ton minimum. Then there is delivery, tax, and 2 cents for the dealer.... Bryan
     
  8. Jerry944t

    Jerry944t Well-Known Member

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    Location:
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    I have a foolproof way of bringing lead prices down. This has worked 100% for me in the past when I invested in copper, silver, gold and oil futures. In every instance the prices of these commodities dropped dramatically.

    I suggest those of you that have an interest in lead prices falling send me a donation and I will invest most of the proceeds in lead futures thus assuring that they will drop.

    THIS WILL WORK!! so send me all the money you can and I will get right on it.

    Smash Em,

    Jerry
     
  9. tsosin

    tsosin TS Member

    Joined:
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    162
    Dick's was still at 42.90 a flat for gun clubs, and if your not bothered by buying 20 shell boxes of all purpose one oz loads at 1290 FPS they were 2.99 a box last week.
     
  10. Recoil Problems

    Recoil Problems TS Member

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    The Ammo makers don't want us loading. High lead costs increases cheap
    shell sales ......
     
  11. hmb

    hmb Well-Known Member

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    The price of lead is going up, up, up. This is a wonderful thing. The lead you shot today, is on the ground in front of the trap house, and can be picked up tomorrow. It is just waiting there to be reclaimed by the person who deposited it there.

    The lead does not go bad or spoil. And when you pick it up you are helping keep the environment clean. Your local government official will even help you get grant money to help you in your efforts to protect the evironment.

    So stop whining and start mining. HMB

    P.S. If needed, a reasonably priced startup kit, with detailed instrctions, is avaiable to help get you started. HMB
     
  12. D'ohboy

    D'ohboy Member

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    hmb, where could one aquire one of these "startup kits"? Thanks,Dan
     
  13. Joe Potosky

    Joe Potosky Well-Known Member

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    $1.65 per pound on the U.S. spot market as I write this. Was $1.78 just last week.

    ---------


    Lead Falls to Two-Week Low After Stockpiles Jump; Copper Drops

    By Chanyaporn Chanjaroen

    Oct. 17 (Bloomberg) -- Lead fell to a two-week low, extending a loss for a fifth consecutive day, after stockpiles tracked by the London Metal Exchange jumped 15 percent, bolstering supplies. Copper and nickel also declined.

    Lead inventories rose 3,775 metric tons to 29,700 tons, the LME said today in a daily report. Stockpiles also gained 15 percent yesterday. Of the total gain in inventories, 95 percent was delivered into exchange-registered warehouses in Italy and the Netherlands, according to LME data.

    ``It reflects softness in European demand,' Gayle Berry, a metals analyst at Barclays Capital in London, said today by phone. ``Generally, battery producers stock up lead ahead of winter,' she said. Cars in Europe are most likely to need battery replacement in the winter.

    Lead for delivery in three months on the LME fell $106, or 2.9 percent, to $3,535 a ton as of 2:09 p.m. local time. Earlier, the contract lost as much as 5.3 percent to $3,450, the lowest intraday price since Oct. 2.

    Lead stockpiles at LME-registered warehouses have soared more than 30 percent in the past week, while the price of the metal has fallen from the record $3,890 a ton traded Oct. 15. Still, lead has more than doubled this year, beating other LME- traded commodities.

    It's ``too early' to say whether lead inventories will continue to rise, Berry said. ``Demand from Asia, particularly China, remains strong,' she said. Lead may rise to a record should European battery makers buy more metal, she added.

    Lead Deficit

    Lead use beat production by 111,000 tons in the first eight months of this year, widening from a shortfall of 57,000 tons a year earlier, the Ware, England-based World Bureau of Mining Statistics said today in monthly report.
     
  14. jbmi

    jbmi Well-Known Member

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    I'm buying Estate shells at Gander Mt. for $18.99/4 pack. Using my $10 off coupon it brings them down to $3.91/box. They sell Top Guns for $4.99 box, can't tell the difference between the two.
    Wally world had Remington Game loads on sale at $41.14/flat, stocked up on a few of those for shooting in our winter league.
    I have 9 bags of Magnum #8 1/2 that I got for $35/bag and 25 bags or reclaimed shot I buy for $1/lb. This should last me awhile.
     
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