| Please find below commentaries from Markit economists. |
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Downward price pressures persist for most commodities
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| 10 October 2011 |
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| Purchasing executives at worldwide manufacturers indicated that input price pressures in September remained much less marked than earlier in the year. The rate of inflation of purchasing costs held steady from the 13-month low registered in August. |
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Majority of commodities see downward price pressures
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| 08 September 2011 |
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| Purchasing executives at the world’s factories reported a further moderation in cost pressures during August. The average price paid for inputs and raw materials rose at the slowest pace for 13 months, with inflation having eased considerably from the elevated levels seen earlier in the year. |
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Improving supply conditions help ease commodity price pressures
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| 17 August 2011 |
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| Input price pressures in the global manufacturing sector eased further in July. Purchasing managers reported that the average price they paid for inputs and raw materials rose at the slowest pace for 12 months, with the rate of inflation well below February’s recent peak. |
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Slowdown in global manufacturing sector subdues metal prices
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| 12 July 2011 |
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| Markit’s commodities PMI™ data highlighted a continuation of the recent slowdown in output growth at global metals-intensive manufacturers during June. Only modest increases in production were signalled by copper, aluminium and steel users, with rates of expansion at these firms having slowed considerably from the strong rates seen in early-2011. |
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Copper prices hit by weaker demand fundamentals
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| 07 June 2011 |
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| Markit’s commodities PMI data pointed to a further slowdown in output growth at worldwide copper-using manufacturers during May. The latest rise in production levels was only modest and the weakest since June 2009, with growth having eased considerably from last December’s peak. |
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Fall in copper prices corresponds with weaker metals PMI data
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| 10 May 2011 |
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| Markit’s commodities PMI data signalled a continued slowdown in output growth at worldwide copper-intensive manufacturers during April. This helps explain the recent softer trend in copper prices – LME copper is trading at around $8,900 per tonne at the time of writing, down from a peak of over $10,000 in early February. |
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Drop in copper prices reflects weakening output growth at industrial users
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| 11 April 2011 |
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| Markit’s commodities PMI data highlighted a further deceleration in output growth at global copper-using manufacturing firms to a five-month low during March. Slower increases in production were signalled in Asia, Europe and the US. The least marked rise was registered in Asia, reflecting a recent slowdown in the Chinese economy and disruption in Japan following the earthquake and tsunami on March 11th. |
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Global price hot spots
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| 14 February 2011 |
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| Global commodity price hot spots |
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Record copper prices supported by strong demand from global manufacturing sector
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| 08 February 2011 |
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| Markit’s commodities PMI data continued to indicate strong output growth at worldwide metal-users in January, underlining the role of industrial demand in supporting recent price rises. Notably, copper-intensive manufacturers signalled the fastest expansion of output for ten months, alongside a survey record rise in their purchasing of raw materials. |
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Rising metal prices underpinned by stronger demand from industrial users
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| 12 January 2011 |
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| Markit’s commodities PMI data indicated an acceleration in output growth at worldwide users of industrial metals in December. The latest rises in production specifically at aluminium and steel users were the fastest in the respective series’ histories, while copper users signalled the strongest increase since April. |
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