Selasa, 24 Januari 2017

Metal Price in the World

This summary i got from journal that has title "Cr, Cu, Mn, Mo, Ni, and Steel Commodity Price Influences, Version 1.1" from USGS

Price of metal has same influences with similiar characteristics.

Information from this journal consist :
>> production
>> consumption
>> stocks
>> trade
>> price
>> issues (industry) >> capacity, cost of production, material use and environmental issues

Import reliance >> net imports (import-export) + adjustments for stock changes.

Apparent consumption >> mining production + recycle production + net import reliance

Metal that are produced in the same geographic could affected by the same geographyc event, example :: earthquake or storm, change in business operating conditions such as labor relation or taxes.

Example of factors that influence raw materials price, include mining and material processing industry events >> such as changes in consumption, production, or stocks that result from mine or plant openings or closing, strikes, or technology changes.

The raw materials industry does not operate in isolation.

External influence ::
>> deflation of US dollar
>> the break up of the Soviet Union
>> Economic recessions
>> Rapid growth of the Chinese economy
>> trade restrictions

First look at the price of these metals together over a long time period (1900-2004) and then individually over a shorter time period ( 1991-2006)
>> unit value of apparent consumption, for some metal :: they represent a composite of forms
>> those reported in USGS Survey, mineral commodity summaries.

The major factor that influences :
>> International events such as war and recessions
>> National events such as the dissolution of the Soviet Union in 1991 and economic growth in China which started its open door policy in the 1970's (but not have significant market untill the 1990's)

Metal commodity price also responded to commodity - spesific events such as tariff or usage change or mine strikes.

China's consumption of these metals had increased substantially, making it the world's leading consumer of these metals.

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