Balkans.com reported that Copper rose for a second day in New York before a report that may show new home sales in the US, the second-biggest consumer of the metal, rose to the highest level in more than two years. Copper for delivery in ...
Tags: Copper rose, in New York
With its proposed $1 billion acquisition of Akzo's North American house paint business PPG Industries, Inc. has found a use for the $900 million in cash proceeds from its soon to be completed commodity chemicals divestiture. Importantly, ...
Tags: Housing Recovery, PPG Industries, Construction, Akzo
IRIS reported that Broking firm Kotak Commodity Services gave following outlook on base metals segments: Copper - MCX Copper may trade under pressure amid stronger Indian rupee and rangebound movement in international market. LME Copper ...
Tags: base metals, international market, rangebound movement
Reuters reported that London copper edged up bracing to finish the month higher on signs that a recovery in China's economic growth took root in November although worries over Europe and the United States kept gains constrained. Three ...
Tags: copper price, China's economic growth, world's economy
Over the past decade, China’s fast expanding economy and boom in housing starts lifted the country to being the world’s largest importer of sawlogs and the second largest importer of softwood lumber, after the US, as reported in ...
Tags: market view, log, lumber
Demand for cutlery and hand tools collapsed in 2007, another casualty of the housing market crash. In 2010 and 2011, however, the industry was able to post revenue gains thanks to rising consumer spending and export demand. The industry has ...
Tags: Industry Trends, hand tool
US house completions reached an estimated 583, 900 units in 2011, 10.4% below the 2010 total (651, 700). The latest figures from the US Census Bureau also show that estimated housing starts in 2011 were up 3.4% to 606, 900 units, while the ...
Tags: market view, housing
In this edition of my column I would like to put lumber into the spotlight. A commodity like oil is a good indicator of the state of the economy, but perhaps the price developments of random length lumber futures can give us also a clue as ...
Tags: industry trends, lumber, economic upturn
Wolseley has finally exited its US building supplies business with the sale of its remaining stake in Stock Building Supply for £15m. For Wolseley it represents the final chapter in its building materials business in the US as it ...
Tags: market view, building materials