Message:

<p>[QUOTE=&quot;-jeffB, post: 5259470, member: 27832&quot;]I don&#039;t get this point. There&#039;s <i>one</i> spread between buy price and sell price. If the spread is too wide, the dealer will run out of either material or customers.</p><p><br /></p><p>There isn&#039;t always some objective &quot;real value&quot; that&#039;s higher than a dealer&#039;s buy price and lower than a dealer&#039;s sell price. Depending on market conditions, a dealer might have to pay more than melt to get the material he needs, or he might have to sell below melt to maintain cash flow. (From the example further up the thread, if customers aren&#039;t buying at melt, he might have to sell to a refinery below melt.)[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in