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When Should I Buy Copper Electrical Wire?

If you have time wait before buying your copper electrical wire it might be wise to do some research first because you could save a lot of money. The price of copper goes up and down every day just like stocks or real estate which means buying at the right time saves you money.

In October 2011 copper has taken a downward turn for the first time in over a year. Since distributors and manufactures of copper wire seem to increase pricing very quickly as copper rises, consumers expect the same when copper is dropping in price. That seems like the fair way to handle it, but in this money hungry world everyone wants to get there hands on every last dime they can.

You can really start to understand your copper wire distributor during these times because it’s an easy way to find out if they’re being honest or not. We get a lot of phone calls from our website asking for pricing and we’ve heard comments from them saying their current distributor isn’t lowering their pricing at all even though copper has dropped over a $1.00 per pound.

Two things can happen from that scenario depending on the price we give them. The first thing that could happen is we could give them a much lower price and prove to them that their current wire and cable distributor is taking advantage of them. The second thing that could happen is we might give them the same pricing they’re currently getting which means the manufacturers probably haven’t lowered their pricing yet either.

So When Should You Buy Your Copper Electrical Wire?

No one can tell you exactly when to buy copper because it might lower tomorrow and give you a better price. On the other hand copper could go up which might raise your price so when is the right time? The key is to research a little bit more, make more phone calls and figure out who’s honest about their pricing and gives you the best price every time.

If time is an issue then you don’t have much of a choice about how much you’ll pay for the type of wire or cable you need because you’ll probably get similar pricing with each distributor you call. Quantity is also a good way to get distributors and manufacturers to lower their pricing because a bigger order is much more enticing to them.

We can do all of the extras for free here at WesBell. We cut electrical wire to any length you need without minimums, offer free shipping on orders over $250 and ship from the tax free state of New Hampshire saving you money on things besides just the cost of copper wire.

WesBell Electronics Inc
(800) 334-8400