Posts Tagged ‘materials’
If there are those situations in the market or the debt crisis and the more the climate that influences the price of some raw materials. For the price of wheat to which we must add the price of soybeans that Mays and moved strongly to beat the weather.
The volatility of prices of wheat, corn, and soybeans lived in the Chicago market suffered with developments on the weather, accompanied by doubts which were reflected in the commodity markets.
For now there is more concern about the crops of corn and soybeans from the U.S., Americans if we take into account who has spent a very wet spring that delayed plantings accordingly, and now suffers from warm and dry.
To all this price of wheat was limited by the over-harvesting on the world market, Russia has become sticking to export grain markets. As the Federation of Russian grain harvest have provided a reach of 58 million tons of wheat in 2011.
Even these figures are better than that provides USDA’s own Agriculture Department expected U.S. harvests of 53 million tons.
The markets for agricultural commodities showed tense to the news about the disagreement of the debt ceiling in addition to slowing growth.
Regarding prices, the bushel (35 liters) for delivery in September reached ($ 6.6550), compared to what happened a week ago when it hit a ceiling of (6.90 dollars) in the Chicago Board of Trade. While a bushel of wheat and maturing in September ($ 6.7250) decline, leaving behind his previous ($ 6.9225)
The price of copper like other commodities and especially oil prices and the price of gold one can already estimate that will be affected by the consequences of the approval or disapproval of the U.S. debt ceiling, of which happens to the dollar as reference currency and the occasional tremor.
Yet the price of copper is trading at levels acceptable in the short term if we see markets as they move around.
By now the copper is in a slight correction once reached a strong resistance came to the ($ 9,695) a ton of copper and industry experts say its price matches the short-term trend so removing the uncertainty, the outlook is good.
One aspect to consider is also that it is closing below support; there is some difference in the MACD, being able to give rise falls reaching $ 9,465 a ton.
It is expected that the price of raw materials undergo substantial changes if the crisis and uncertainty hardening ceases to be such and becomes certainty.
Iberia, Hesperia or Spain, the various names by which ancient Spain was known, was famous for its natural resources, particularly the abundance and variety of its mineral wealth. This attracted the attention of warring peoples, and thus Spain became a battleground for the armies of Carthage and Rome.
Even before this, the voyages of the Phoenicians to the “pillars of Hercules” (as known the Strait of Gibraltar) and beyond to the islands Casitéridas can be explained by the existence of silver in Cartagena (Murcia) and Sierra Moreno (Andalusia), bronze in Huelva (Andalusia) and gold and tin in Galicia. Even at the beginning of this century, Spain had some of the most important deposits of various minerals, and economic development in certain regions like the Basque Provinces and Asturias, was based on its mineral wealth.
Today the situation has changed, but, however, Spain remains one of the richest countries in Europe in mineral production.
At present, the mineral production in Spain is focusing on non-energy production sources. At the global level, taking into account only the value of metallic and nonmetallic minerals and mining, Spain ranks ninth internationally and first among the countries of the European Community.
If we add energy producing materials (coal, oil, gas and uranium) to this computer, Spain down to 38 tie in the world rankings. If we consider only energy products, Spain is in 40 the position. Thus, mining accounts for only 15% of Gross Domestic Product and employs only 85,000 people, distributed in 3,700 mining areas. Read the rest of this entry »