U.S. copper futures ended lower on Thursday, pulling back from a fresh 16-month peak, as signs of tighter monetary policy in China triggered concerns about demand growth in the world's top copper consumer.Benchmark copper for March delivery HGH0 shed 6.75 cents, or 1.9 percent, to finish at $3.4270 per lb on the New York Mercantile Exchange's COMEX division. Range from $3.4255 to $3.5440, a new high for the red metal on the spot daily third...more
Rubber may gain to the highest level in three decades by March as the economic recovery increases demand for the commodity used in tires and supply will decline, said a director at Newedge Group.Futures on the Tokyo Commodity Exchange, the benchmark for rubber prices, may top the 2008 peak of 356.9 yen per kilogram ($3,868 a metric ton), the highest level since March 1980, said Makoto Sugitani, senior director at the commodity derivatives...more
The cash price of iron ore delivered to China, the world's biggest buyer, rose to the highest in more than a year amid what Goldman Sachs JBWere Pty said was "panic buying" by steel mills.The cost of 62 percent iron-content ore delivered to Tianjin port increased 2.9 percent to $124.80 a metric ton yesterday, according to The Steel Index. The so-called spot price has surged 24 percent in four weeks and has more than doubled from its 2009 low on March 27.Chinese mills have stepped up iron ore purchases to meet rising steel demand fueled by the nation's stimulus spending. The gains boost expectations for a rise in annual contract prices, which would raise profits for Vale SA, Rio Tinto Group and BHP Billiton Ltd., the three biggest exporters."Spot price strength has been exacerbated by panic buying by Chinese mills increasingly concerned about availability at a time of reduced spot cargoes on offer from Australia due to contractual commitments," Goldman Sachs JBWere analysts Malcolm Southwood and Paul Gray said in a report dated yesterday.Rio Tinto, the second-largest iron ore supplier, rose 0.5 percent to A$79 at the 4:10 p.m. Sydney time close on the Australian stock exchange....more
Players await new offers for February shipment from mainstream Asian suppliers after deal conclusion of January imports with $50-60/ton increases in China, as per Chemorbis. Bullish sentiments and buoyant market outlook in the Chinese market has players expecting to see new offers pass the US$1000/ton threshold on CFR basis.Reasons for these...more
When you are attempting to discover the perfect apartment for you and your family to live in around Atlanta, you are going to want to consider all of the possibilities which come from the different neighborhoods and areas around the city. One of these locations could be through Atlanta apartments Bradford Ridge area. In this particular location,...more
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Before soap was made, our ancestors around the world used only water to keep themselves clean. Water was not very useful as a cleanser. At the most, it could just get mud off the skin. Thus cleansers like detergents and soaps were created. Water...more
Reader boards (also known as LED message signs) are the most efficient and cost effective way to send your message to thousands of people. They allow you to share real time messages to potential customers 24/7. Reader boards are used in just about...more
Measuring for granite kitchen worktops is quite an easy task that you can do on your own in order to get an idea on prices and how much granite you will need. Keep in mind that the back wall dimensions of the required work surfaces should be also be...more
Structural engineers are using formulas related to material properties to design structure. One of the most important formulas is Structural Drawing. Connections, Reinforcing, Locations and dimensions can be measured by using Structural Drawings....more
If youre the type of person whos into sports and who would rather spend his leisure time in physical outdoor activities, then skateboarding could be a good option for you! Of course, as in any other kind of sports, one must be knowledgeable about the...more
Many teens suffer from unsightly blemishes as their hormones fluctuate during puberty, and there is an acne treatment for every teen's skincare needs. However, many adults are faced with pimples as well, and it is much more difficult to find a proper...more