by Calculated Risk on 4/10/2011 08:19:00 PM
Sunday, April 10, 2011
Softer Commodity Prices?
A couple of articles:
From the WSJ: Warning Signs for Copper Market (ht Brian)
Copper prices have almost quadrupled after a two-year rally ... evidence has recently surfaced of previously unreported copper stockpiles, a sign that much of the purchased copper hasn't been put to use.And from the WSJ: Steel Price Softens As Supply Solidifies
The world's steelmakers are increasing output despite softer demand, pushing down prices. ... But U.S. prices—especially for hot-rolled steel, a key component used in most steel products—could be headed lower tooLower commodity prices would definitely help - especially oil. Unfortunately WTI futures are up again to over $113 per barrel.
Earlier:
• Summary for Week ending April 8th
• Schedule for Week of April 10th