Commodities Get In on the Global Rally –

Commodities , Economic Indicators Sep 13, 2010 No Comments

Prices for industrial commodities soared Monday as new data showed China’s economic boom continuing apace.

China’s report Saturday of a stronger-than-expected 13.9% increase in August industrial production was the latest indication commodity markets can still depend on rapidly expanding demand from the world’s second-largest economy.

Copper saw some of the biggest gains as one of the commodities most dependent on demand from China’s industrial sector. The front-month September copper contract ended 2.2% higher at $3.4715 a pound on the Comex division of the New York Mercantile Exchange. October crude-oil futures settled 1% higher at $77.19 a barrel on Nymex, a one-month high.

via Commodities Get In on the Global Rally –

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website

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