Huge Market Drops for Scrap Catalytic Converter
Posted: March 17, 2020
Due to the significant market drops of the three precious metals in catalytic converters; Palladium, Platinum, and Rhodium; we are anticipating significant changes prices over the next few weeks, if not months.
With the markets continuing to get hammered by the Coronavirus and the sharp declines in commodities, it has had significant effect on the current prices for scrap catalytic converters.
The precious metals that are recovered from catalytic converters; Palladium, Platinum, and Rhodium; were seeing all-time highs earlier this year and are now seeing a sharp decline in price. With the fallout from the COVID-19 virus sweeping internationally, the commodities and metal markets have seen a significant decline in a short period of time. We wanted to share the chart below with you to show you how significant this change has been.
Strict 7-day Quote Guarantee
Please expect all of our quotes to be MUCH different than weeks prior and also constantly changing. As always, we have a strict 7-day quote guarantee from when you receive your quote and we receive you cat(s) in the mail. In order to continue to be fair to both our customers and our business, we are sticking to this strict 7-day limit on quotes.
What if I don’t make the 7-day limit?
If your catalytic converters arrive after the 7-day limit, we will requote your material and communicate that with you.