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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (6298)	1/27/2004 5:30:41 PM
From: russwinter	Respond to of 110194

Here's January's steel prices. Up 8-10% (in a month!) in almost all categories. meps.co.uk More upticks in Purchasing.com survey: Commodity inflation alert 1/27/2004 Purchasing.com Buyers beware. Purchasing’s latest polling of industrial buyers in the U.S. reveals a cocktail of conditions--accelerating demand growth, lean inventories, widespread perceptions of tightening supply conditions among buyers, strong commodity ordering schedules, rising backlogs, high producer input costs (energy, freight, crude commodities, etc.), and persistent reluctance among manufacturers to rehire workers--creating a near-perfect environment for producer price hikes on commodities in the next several months. Purchasingdata.com’s diffusion index tracking prices paid compared to a month ago rose to 68.6 in January with 46% of buyers saying they have succumbed to paying more for some materials. That forebodes more monthly increases in Purchasingdata.com’s Industrial Supplies Price Index (1992=100), which rose nearly 20% in 2003--mostly in the latter half of the year. Anecdotal evidence from buyers places some of the December price action in electronics, but most of it in the metals arena. Here are buyers’ top 10 picks for potential price increases over the coming 30 days: Resins, metals dominate watch list manufacturing.net