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Sunday, April 10, 2011

Softer Commodity Prices?

by Calculated Risk on 4/10/2011 08:19:00 PM

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 too
Lower commodity prices would definitely help - especially oil. Unfortunately WTI futures are up again to over $113 per barrel.

Summary for Week ending April 8th
Schedule for Week of April 10th