Introducing the groundbreaking Assay Results Report, a game changing tool that will take your catalytic converter payout to the highest level.
Are you looking for more information about the buyer in your area?
This industry-first feature offers the insights you need to make accurate assay predictions and ensures you receive a fair market rate from your refinery for every load.
Eligibility:
- Available to anyone with a Cat DB login
- One free report per month per account (for a limited time)
- Requires a minimum of 100 diverse catalytic converters in your cart
- Available in Live Market price view only
- Perfect for recyclers that assay. More about assaying →
Report Details:
The report offers a full breakdown of all three PGM metals in your load:
- Total troy ounces of platinum, palladium, and rhodium
- Percentage per material type (bead, DPF, foil, honeycomb, etc)
- Foreign vs domestic breakdown
+ Bonus
- Estimated range of metal content if cats are added from vehicle results
- Contact us to customize the report with your hedge prices & per metal negotiated rates
Key Advantages:
The Highest Payout
Potential for a 4-15% higher payout with assaying compared to the live market price which shows the maximum “at the door” pricing.
Accurate Predictions
Avoid being shortchanged or overcharged by refineries when you hedge the exact metal weights of your load every time.
Important Considerations:
- Accurate identification of converters is crucial for best results. Contact us for free photo-grading assistance.
- There are several drawbacks to assaying. Read more about how it works →
Maximize every cat
- Use Cat DB app to find the correct cat code, avoiding low “generic” prices.
- Always verify buyer prices yourself using the app.
- Contact us for free photo-grading before accepting a low price.
- Watch the market and sell when PGM values are high.
- Watch out for buyers that offer high initial prices to get your business and then lower them over time.
Sell in bulk
- Collect more catalytic converters and sell all at once, you will have more negotiating power with smaller local buyers. However, large national scale buyers often buy at a set high amount regardless of volume.
- If not, work with larger-scale buyers that offer higher (at the door) pricing tiers.
Consider Assaying
For the absolute highest pricing:
- Try assaying, but note this requires ~400+ catalytic converters and has other drawbacks. More on assaying →
- Use our “Assay Results Report” to get paid right on every assay.
Convenience vs Price
Lower price tiers do offer benefits like:
- Pick-up services
- Instant payments
- Stable prices
- No minimums
Start by going to settings and selecting “Live Market” in the price view options. *If you don’t see in-app price view options in your settings, contact us to switch it manually for you.
Once in the live market view, add 100+ catalytic converters to your cart and click the blue button at the bottom of the cart screen.
Fill out your contact information & submit. We’ll get back to you shortly to complete the report.
We developed a proprietary advanced algorithm to calculate the estimated troy ounces of each metal in every catalytic converter in our database of ~20,000. By combining historic sales prices and metal market values, we can accurately determine the weight of each metal per cat. All converter material types including honeycomb, DPF, foil, and bead are included.
Hedging:
Buyers hedge at different market points to lower their risk. This means they lock-in metal prices for a set period, which can lead to prices that don’t always match current market values.
Test results:
Buyers rely on metals test results from different sources. Factors like the mileage of the vehicle and the testing method can cause significant price differences. This variability leads to different valuations even for the same catalytic converter.
Profit margin based on load size:
Each buyer has different profit margins based on the volume of catalytic converters that they buy overall. Middlemen tend to pay 10-40% less than top-level refineries because they need to process & resell the converters.
Refineries prefer to buy from larger sellers (400+ converters) and offer higher prices based on volume. However, some bulk buyers will purchase smaller loads at competitive rates if shipped or brought directly to them.
We have pre-established agreements with buyers in certain states to limit the ability to switch prices back and forth. These agreements may change in the future, but for now, you can contact us anytime via call or text if you are in a restricted State and want to change your price view.