The price of scrap metal fluctuates like the price of any commodity
, but it's easy to see if the price of scrap metal is high if you know what you are looking for.
Every now and again you see those annoying little signs on every other lampost and every traffic light that you stop at. They read "We pay cash for your scrap car," and are put there by people who don't think that your car is going to have the ability to pull away from the lights and you will therefore ring their mobile phone number to take it off your hands.
When these signs start appearing you know that the scrap price is high. A few years ago there was a plague of signs and flyers on windscreens as the price of scrap metal went sky high and every landscape gardener and tree surgeon who could transport a car suddenly changed their profession to scrap metal, and their deals always look attractive on the flyer.
What the customer has to realise is that these dealers will be gone once the price starts to drop and are not in the business to build a reputation, they're in it for the quick buck before they move on, which is why you are always better dealing with established scrap car dealers.
The reason that the price soared that time was due to the Olympic Games, as China was the host and they needed all of the metal they could lay thier hands on to fuel their economy, and to build the Olympic facilities.
But you don't have to wait for the next Olympics to sell your old car, you can contact a reputable scrap car dealer and they will give you a fair price and take it away and dispose of it legally for you.