{"id":718054,"date":"2010-04-16T09:07:32","date_gmt":"2010-04-16T13:07:32","guid":{"rendered":"http:\/\/www.businessinsider.com\/us-commodity-demand-2010-4"},"modified":"2010-04-16T09:07:32","modified_gmt":"2010-04-16T13:07:32","slug":"citi-the-u-s-is-devouring-commodities-again","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/718054","title":{"rendered":"Citi: The U.S. Is Devouring Commodities Again"},"content":{"rendered":"

We’re all well aware of China’s voracious commodities demand growth, but U.S. demand has rebounded into a… well you know the shape:<\/p>\n

Alan Heap at Citi:<\/span><\/p>\n

The first evidence of a recovery in US demand is appearing. Copper service center shipments increased 9.5%yoy, 4%mom in February; off a low base, but the first positive data point since early 2006. (Figure 14). Aluminium orders rose 25%yoy, 12%mom in March (Figure 28). Orders are a good (although not infallible) lead indicator of shipments.<\/p>\n

Copper:<\/strong><\/p>\n

\"Chart\"<\/p>\n

\"Chart\"<\/p>\n

Aluminum:<\/strong><\/p>\n

\"Chart\"<\/p>\n

\"Chart\"<\/p>\n

There could even be good news coming out of Europe, for commodity bulls:<\/p>\n

Europe still the laggard — But even here there are tentative positive signs. Copper merchant premia have increased 40% in recent weeks after a steady decline from mid 2009 (Figure 15). Aluminium premia are also higher (Figure 29) although this also reflects supply tightness due to illiquid stocks.<\/p>\n

Thing is, if China encounters a major slow-down then it really won’t matter whether U.S. or European demand is back or not. Thus ultimately, commodities remain pretty dependent on that Eastern nation.<\/p>\n

(Via Citi, Commodities Heap, 16 April 2010)<\/em><\/p>\n

Join the conversation about this story »<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

We’re all well aware of China’s voracious commodities demand growth, but U.S. demand has rebounded into a… well you know the shape: Alan Heap at Citi: The first evidence of a recovery in US demand is appearing. Copper service center shipments increased 9.5%yoy, 4%mom in February; off a low base, but the first positive data […]<\/p>\n","protected":false},"author":4069,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-718054","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-30Nw","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/718054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/4069"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=718054"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/718054\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=718054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=718054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=718054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}