Posted: March 6th, 2014 | Author: Bryan Berry | Filed under: Brazil, Commodities, Iron ore, Metals, USA | Tags: brazil, brazil pig iron, pig iron | No Comments »
Since our previous 2012 article “Brazilian Iron Ore and the Environment“, there have been a number of several significant changes in the Brazilian pig-iron industry and its U.S. customers. At that time, companies were recalcitrant in meeting their responsibilities to uphold environmental and labor laws in the supply chain.
Since then Nucor’s primary Brazilian supplier of pig iron, Sidepar, was suspended from Brazil’s National Pact for the Eradication of Slave Labor on 22 January 2013. Nevertheless, Nucor continues to be the major buyer of pig iron from Sidepar.
Read the rest of Brazilian pig-iron industry update – Copyright, Bryan Berry. Posted by permission » » »
Posted: March 5th, 2014 | Author: Rod Sherkin | Filed under: Best practices, Gem, Negotiating with Suppliers, What's Happening in Our Profession | Tags: best practice, cost reduction, cost saving, negotiation, supplier | No Comments »
I once had a very smart boss whose favorite expression was “Fish where the big fish are!”
So where do the “big fish” lurk for reducing costs for the products and services we purchase – in better pricing, in longer terms, in faster order processing, in speedier delivery? All important yes, but in my experience they are not the trophy-fish.
The best cost-savings opportunities are to be found in your suppliers’ organizations: knowledge and ideas inside the heads of their managers, engineers, operations and planning staff.
via Negotiating Nugget on Propurchaser.
Posted: March 3rd, 2014 | Author: Pascal Blanc | Filed under: Agricultural, Commodities, Food, USA | Tags: cattle, cattle future, cattle price.cattle usa | No Comments »
Live-cattle futures have jumped 10.2% so far this year, a gain that is leading to higher wholesale beef prices and is widely expected to result in record U.S. consumer prices for steaks, ground beef and other products this year.
Cattle futures for April delivery rose to $1.45175 a pound. Thursday, the price reached a record $1.45975. Feeder-cattle futures for May settlement dropped after reaching $1.7525 on Thursday.
The cattle market has been underpinned by strong demand by U.S. beef processors for slaughter-ready cattle, which remain in snug supply after years of drought and industry consolidation.
Read the rest of Cattle futures rise to record high » » »
Posted: February 28th, 2014 | Author: Rod Sherkin | Filed under: Energy, Gem, Natural Gas | Tags: energy, gas, natural gas, oil, shale gas, water | 1 Comment »
Unconventional treasure: Shale gas is trapped deep inside rock formations.
Shale gas is a new and abundant source of natural gas, trapped in rock formations. Oil companies have known about it for decades but always dismissed it because it was too expensive and difficult to extract.
In the past few years new technologies that pump water underground to fracture the rock and free the gas have been perfected. The breakthrough has opened a new frontier for the energy industry and turned long-held assumptions about the world’s dwindling supplies on their head.
via Shale gas blasts open world energy market on Propurchaser
Posted: February 28th, 2014 | Author: Pascal Blanc | Filed under: Energy, Natural Gas, USA | Tags: natural gas, natural gas contract, natural gas future, natural gas price, natural gas USA | No Comments »
In one of the most volatile, whip-sawed commodity markets in recent memory, March natural gas prices tumbled this week, in part due to simple “winter end” profit taking, and the fact shale production increases will come back to haunt this market, in the months ahead.
On Feb. 10, natural gas was about $4.50 per million BTUs. Ten days later the price was up 30 percent, to more than than $6. Now, it’s back down to $4.50.
Read the rest of Natural gas: what is going on? » » »
Posted: February 27th, 2014 | Author: Pascal Blanc | Filed under: China, Commodities, Copper, Currencies, Metals, Yuan | Tags: Copper, copper china, copper demand, copper future, copper price | No Comments »
Copper prices lost ground Tuesday on fears of a demand slowdown from China, the world’s largest consumer of the red metal. According to Jesper Donnesboe, senior raw materials strategist quoted by Bloomberg, copper prices were expected to go up due to declining stocks tracked on the LME (-58% since June).
However, this upward trend may be offset by the weak growth in China this year. A consensus among Bloomberg experts indicate that China could have in 2014 its weakest growth since 1990.
As a result, copper was down 1.09% to $7,077.20 and down 30% from its high point of $10,190 per tonne in February 2011.
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Posted: February 26th, 2014 | Author: Pascal Blanc | Filed under: Brazil, Coffee | Tags: coffee, coffee price update, coffee supply | No Comments »
Arabica coffee for May delivery rose 6.85c/4% to $1.7635/lb YD after report suggested that Brazil’s drought may result in a global shortage.
Posted: February 25th, 2014 | Author: Rod Sherkin | Filed under: Energy, Natural Gas | Tags: energy, natural gas, natural gas price update | No Comments »
Natural Gas for March delivery plunged 11% to $5.445/MMBTU YD as predictions for milder weather prompted speculators to sell to lock in profits.
Posted: February 24th, 2014 | Author: Pascal Blanc | Filed under: Commodities, Metals, Platinum, Precious metals, South Africa | No Comments »
Despite a recovery on the demand side and a major strike in South Africa, mining companies inventory is preventing prices to rise. Platinum futures for April delivery gained 0.9 percent to $1,441.40 an ounce which is a 5% increase since January 1st.
The strike in the platinum sector entered its fifth week on Monday as the Association of Mineworkers and Construction Union (Amcu) and platinum producers could not strike a deal. And yet, the price per ounce has hardly moved. After climbing to 1,490 dollars on January 20, three days before the beginning of the strike, he even declined rather, moving in a range between 1,379 and 1,454 dollars.
Read the rest of Platinum price still stable » » »
Posted: February 24th, 2014 | Author: Rod Sherkin | Filed under: Sugar | Tags: sugar, sugar price, sugar price update | No Comments »
Sugar for March up 2.4% at 16.72c/lb Friday after International Sugar Organization predicted global sugar production would fall for 1st time in 5 year.