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How profitable is the waste cable and wire recycling business?
January 12, 2024The profits of the scrap cable and wire recycling business depend on a number of factors, including market demand, the type and quantity of scrap cable and wire, recycling processing costs, copper output rates, equipment costs, and market price fluctuations. Among these factors, copper output rate accounts for the largest proportion. So what are the specific profits of the waste wire and cable recycling business? In this article, we will specifically analyze the profit factors that affect the recycling business of waste cables and wires.
Market demand:
The market demand for scrap cables and wires is critical to the profitability of the recycling business. If the market demand for recycling is high, the price will be relatively good, otherwise it may affect profits.
Equipment cost:
The waste cable and wire recycling business is to recycle the copper in the waste cable and wire to make profits. Therefore, before you start a waste cable and wire recycling business, one of the costs you need to invest in is purchasing a waste cable and wire recycling machine. There are a variety of waste cable and wire recycling machines for sale on the market. You can choose the appropriate waste cable and wire recycling machine according to your needs.
Labor cost:
Labor cost is also one of the costs of the waste cable and wire recycling business. However, you don’t need to invest a lot of labor costs if you buy a scrap cable and wire recycling machine from Suny Group. Suny Group’s waste cable and wire recycling machine is fully automatic. Therefore, only 1-2 workers are needed to operate it, which greatly reduces the cost.
Cable wire type:
Different types of waste cables and wires may have different recycling values. Some cables and wires of special metals or high-value materials may bring higher recycling value. For example, automotive wiring typically contains 55%-60% copper. The cost is approximately US$3,355 per ton. Therefore, before starting the waste cable and wire recycling business, you can first understand the recycling price of each type of waste cable and wire. This can help you clearly calculate the profits of your scrap cable and wire recycling business.
Regarding income, you can earn income not only by selling copper but also by selling plastic pellets. Selling copper on the metal exchange market is not difficult. The copper particles produced by dry/wet waste cable and wire recycling machines have high value. Plastic pellets can be sold directly or used for granulation or making wire covers. Plastic pellets can be sold directly or used for granulation or making wire covers.
The above is about the costs and income of the waste cable and wire recycling business. The business of recycling scrap cables and wires is becoming increasingly popular. Because more investors realize that this is a profitable and promising business. If you have a stable supply of scrap cable and wire materials, feel free to contact Suny Group for more information about starting this business! copper wire recycling machine
