Is copper cable wire recycling business profitable?
Editor: Henan Doing
Date：June 10, 2021
People who want to start copper cable wire recycling business may consider the question: Is copper cable wire recycling business profitable? In this article, we will discuss this question from two aspects. One is the prospects of this business, the other one is the profit analysis of this business.
The trending of copper price
According to many analysis from economists, 2021 will be a bumper year for the copper market. We can see the copper price has increased 40% compare 2020. As long as most countries in the world recovers from corona virus, the economic will develop, the demand of copper will also keep increasing. Due to the supply of refined copper is not enough, the demand for scrap copper will be big and keep increasing. Therefore, the prospects of copper cable wire recycling business is anticipated.
Then how’s profit of copper cable wire recycling business? In below, We provide a profit chart to help you analysis one day profit of copper cable wire recycling business.
Copper cable wire recycling machine
In below table, we take the car wire which copper content is around 55% as example. the selling price of car wire in the market is around $4000/T. And we use Doing’s copper cable wire recycling machine which has high separate rate to recycle car wires, The capacity of machine we used is 500kg/h and power consumption is 75KW/H. This machine just need 2 workers to operate. The selling price for copper is around $10000/T and $300/T for plastic. If work 8 hours per day, The Doing’s copper cable wire recycling machine can recycle 4 tons waste car wires. We can get 2.2T copper and 1.8T plastic. After calculating, The total cost per day is $20126.86, and total income is $22540, so the profit per day is $2413.14.
| Profit analysis | |||||
| Copper wire recycling machine | |||||
| Running cost / Day | |||||
| Item | Input | Quantity | Unit Price ($) | Input cost ($) | Total cost($) |
| 1 | Scrap car wires | 4 Ton | 5000/ton | 20000 | 20126.86 |
| 2 | Power consumption | 75Kw/H*8H=600KwH | 0.14 | 84 | |
| 3 | Workers | 2 workers | 21.42/day | 42.86 | |
| Income/day | |||||
| Item | Output | Quantity | Price ($) | Income($) | Total income($) |
| 1 | Copper | 4T*55%=2.2T | 10000/T | 22000 | 22540 |
| 2 | Plastic | 1.8T | 300/T | 540 | |
| Daily profit = daily income - daily cost=22540-201 26.86=2413.14 ($) | |||||
As the content of copper in different copper cable wire is different which selling price is different too, so you can take a reference of above profit chart to calculate your profit of copper cable wire recycling business.
After analyzing above two aspects of copper cable wire recycling business, I believe you must have your answer of this question. If you want to start a copper wire recycling business by using copper wire recycling machine,welcome to contact with us!
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