Posted: July 10th, 2013 | Author: Rod Sherkin | Filed under: Metals, Nickel, Stainless Steel | Tags: nickel, nickel china, nickel future, nickel output, nickel price, nickel production | 1 Comment »
Nickel prices fell to a four-year low, in the latest fallout from slowing economic growth in China, the metal’s biggest user. Nickel prices are bearing the brunt of a steep decline in metals markets this year.
Nickel futures fell as low as $13,205 a metric ton Tuesday on the London Metal Exchange, its lowest price since May 2009, and ended the day down 0.8%, at $13,325. Prices have dropped 22% since the start of the year.
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Posted: July 8th, 2013 | Author: Tom Bowers | Filed under: CSR in purchasing, Gem, Greening the Supply Chain, Negotiating with Suppliers, What's Happening in Our Profession | Tags: CSR, green purchasing, sustainability | No Comments »
To actually make your supply-chain more green, the first step is to understand what the main environmental impacts are and where they occur in the supply chain or product lifecycle.
I intend to write about what purchasing professionals can actually do to ‘green’ supply-chains and lower their organization’s carbon footprint. My goal is to stimulate ideas and debate; so please feel free to comment or add your ideas.
Increased public awareness, scrutiny from environmental groups, regulatory pressure and concerns about climate change has led companies in a race to establish their eco-credentials; through removing harmful but regulated substances like phthalates (often found in PVC) from products, changing palm oil suppliers to save rainforests, and setting huge targets to remove carbon emissions from supply chains. For many companies, their products’ biggest impacts, and therefore risks and opportunities, are from the supply chain in the production, extraction, cultivation, and transport of raw materials.
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Posted: July 5th, 2013 | Author: Rod Sherkin | Filed under: Steel | Tags: steel, steel price, steel supply, steel usa | No Comments »
Steel prices in the U.S. are rising and not necessarily because the market is improving. This week, the price of benchmark hot-rolled steel coil, used to make cars, was reported up at $630 per ton, a rise of more than 10% from a 2013 low of $570 on May 28.
That reverses a six-month slide in U.S. steel prices caused by too much steel on the market, both in the U.S. and globally.
A trio of unforeseen events have unexpectedly helped boost prices 10% in recent weeks to their highest levels since early January. A blast furnace outage in Ohio, along with one in Brazil, and a work lockout in Ontario have taken an estimated five million tons of annual capacity, or about 4% of total U.S. supply, off the market in the last three months.
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Posted: June 30th, 2013 | Author: Pascal Blanc | Filed under: China, Commodities | Tags: china, commodities, commodities china | No Comments »
The Chinese credit squeeze had been building since late May – worsening in mid-June – as a result of a number of factors, among them a drop in foreign currency inflows, regulatory requirements at the end of the second quarter and a mismatch between banks’ long-term lending and short-term funding.
China‘s short-term interbank rates rocketed to unusually high levels during the past two weeks, but the People’s Bank of China (PBOC) took a tough line with the banks faced with the cash crunch until Tuesday, when it boosted liquidity support for some cautious financial institutions.
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Posted: June 28th, 2013 | Author: Tom Bowers | Filed under: Gem, Greening the Supply Chain | Tags: corporate social responsibility, CSR, Greening the Supply Chain | 1 Comment »
This is the second article discussing the results of our ongoing survey examining what Supply-Chain professionals in North America are thinking and (more importantly) doing about greening their supply-chains.
The first article, How important is a Green Supply-Chain in North America?, focused on the perceived importance of a green supply-chain, homing in on senior management’s expectations, as well as our own attitudes towards suppliers with green credentials.
The survey asked how strongly participants agreed or disagreed with the following statements:
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Posted: June 25th, 2013 | Author: Rod Sherkin | Filed under: Copper | Tags: Copper, copper cycle, copper future, copper price, copper supply | No Comments »
Copper‘s world is coming apart. The price has fallen 16% so far this year and is 34% below February 2011 all-time closing high. This isn’t just a case of slowing economic growth. The global forces propelling the metals stunning rise over the past decade are shifting. Copper’s supercycle is entering its downhill run.
Copper‘s surge reflected flat supply running into surging demand, mainly from China. Copper spent much of the period from 2005 to 2012 at levels at least double the marginal cost of production.
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Posted: June 23rd, 2013 | Author: Rod Sherkin | Filed under: Gem, Labor | Tags: labor, reshoring, usa | 2 Comments »
Reshoring Gives Economic Hope to Manufacturers
Offshore outsourcing has become one of the hot button political issues of the day. Especially in light of the U.S. economic downturn, there is a desperate need for more jobs for American workers, while at the same time companies are looking for ways to save money to keep themselves afloat. But now it looks as though reshoring might be an idea that makes sense for both sides, making reshoring a trend that just might stick.
The OffShore Outsourcing Controversy
Off-shoring in the manufacturing, customer service, and tech industries has been happening for some time now and opponents feel there are far more negatives than positives to offshore outsourcing (delays, hidden costs, quality control), while others see nothing but an effective strategy for keeping costs down.
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Posted: June 20th, 2013 | Author: Pascal Blanc | Filed under: China, Commodities, Currencies, Economic Indicators, Precious metals, US Dollar | Tags: china, commodities, commodities china, commodities price, commodity 2013, commodity outlook | No Comments »
Gold is down by more than 5% this morning, barely holding onto $1,300 after having dipped below that level for the first time since September 2010. Silver has slumped by 7.2% to just over $20.
The price of crude oil has slumped 1.6% to under $97 per barrel this morning, while copper is down 1.9% and most agricultural commodities are lower. Even natural gas is taking a hit: its price is down by 1.7% to $3.90 this morning.
The Standard & Poor’s GSCI Index of 24 raw materials lost as much as 2 percent to 622.91, the biggest intraday loss since May 10, before reaching 625.31 as of 1:41 p.m. in London.
“There is panic selling all over the commodities sector after the Fed’s comments and the data from China,” said Daniel Briesemann, analyst at Commerzbank.
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Posted: June 19th, 2013 | Author: Pascal Blanc | Filed under: China, CSR in purchasing, Greening the Supply Chain | Tags: carbon, carbon allowance, carbon control, carbon emission, carbon trading | No Comments »
The city of Shenzhen became yesterday the first region in China to introduce a mandatory emissions trading scheme (ETS).”It is a clear indication that they are serious about reducing emissions and bringing down pollution levels.”
The new markets are set to regulate 800 million to 1 billion tons of emissions by 2015 in the world’s biggest cap-and-trade program after Europe’s, according to Bloomberg New Energy Finance.
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