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NEGOTIATOR’S TAKE: Lubricants, plastics and transportation are all candidates for price reduction.     Toward prices not seen since the last financial crisis As U.S. oil fell to a six-year low below $41 a barrel on Wednesday, an increasing number


NEGOTIATOR’S TAKE:  Not all plastic feedstocks are up – good information for pushing back against increases for Polyethylene and PVC based products and components An upwards price surge for PS and PP may continue this month, although the driving factors are

Platinum price still stable

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.

Palm oil at 6-week high on Brazil drought

The price of palm oil is at a six-week high, on speculation of an increase in overseas  demand due to fears of a soybeans supply shortage. Investors indeed fear that the low soybean production due to the Brazil drought, the

As the Chinese Take a Breather, Commodity Markets Gasp

The index of 19 widely consumed commodities ended the quarter down 11.3%, suddenly hit by the prospect that a slowdown in China and other fast-growing emerging markets will remove a major remaining price support. Recent years have demonstrated how Chinese

EU steel price hikes have run out of steam

MEPS believes steel transaction values will decline in the remainder of the second trimester, despite higher mill input costs. Buyers are already anticipating discounts when third quarter negotiations get underway. Steel price rises have stalled in the European market. Increased

Palm Oil Seen Advancing 23%

At a time when consumers are focused on food costs that are within about 3 percent of a record, stockpiles of edible oils needed to make everything from noodles to fish sticks are dropping to a 3-decade low. The combined

Gasoline prices up 40% this summer, U.S. says – MarketWatch

Retail prices for a gallon of regular-grade gasoline will average $3.86 from April through September, up from $2.76 for the comparable period last year, said the Energy Information Administration, the statistics arm of the Department of Energy. In some areas,

Steel Price Softens as Supply Solidifies –

“Steel buyers in the United States are bearish on the price outlook for hot-rolled,” he says. “They’re now receiving offers for hot-rolled band from abroad in the $740-$800 per-net-ton range, which compares to the domestic price in the $870-$890 per-ton

How the Steel Market Works – A seminar by SBB

This is a good training course for people who want to quickly learn about the key players and economic drivers in the North American Steel market. It’s not inexpensive, but in two days, trainees will know how to recognize the production