Copper prices holding up

Copper prices holding up

With copper prices starting to rise, there appears to be a positive feedback loop between supply and demand. In fact, we can look at the US supply glut of 2012 as evidence that prices are rising by a bit. As you can see from the chart below, copper prices w카니발 카지노ere rising by around 16% in the first half of the year and that trend has continued through to the current month. That could be interpreted as a good sign and it should definitely be noted that this sort of upward movement in prices is hardly unprecedented for copper prices.

According to statistics from the US Commerce Department, from December 2012 to February 2013, average prices at the pump were up 5.6%. In other words, that’s around 11% higher than what the government calls the normal seasonal average. However, this chart shows that this upward rate of price appreciation was accompanied by a corresponding downward rise in the average number of days it took copper producers to a수원안마마사지 오일dd to their inventories to meet demand. Thus the drop in the average number of days production takes to fill its inventory is actually a good sign: copper producers are able to spend their added inventory now and not have to wait as long as a year for that inventory to arrive (as shown by the purple line at the bottom of the chart).

From this point of view, it’s reasonable to expect that copper prices have been strengthening. However, it is also reasonable to expect that producers could cut back supply further to accommodate the rising price gap. This may be exactly what happened to the American companies producing copper and silver and silver prices began to tumble for several months in 2013. When production began to recover slightly in late July, the US copper price fell by over 14%, and from late Au바카라 사이트gust through mid-September it hit its lowest levels since July 2009, when the US copper price was hovering around $3.60 per ounce.

It’s all or nothing for the metal

As we have seen in the above chart, with copper prices hitting around 20% above the normal seasonal average of around $18 per ounce, it’s quite possible that many investors think silver is too cheap. The problem is that silver is not actually a commodity, but rather a “unit of account” and is an index rather than a commodity. On the one hand, as you can see from the chart below, the S&P Silver Trust (NYSEARCA:SLT) has a silver price of around $33.50 per ounce, but in reality, the S&P Silver Trust is only trading i