Market Watch February 2008: Material Demand

Methanol down in price, while copper and aluminum make their first moves upward.

According to the February 2008 ISM Manufacturing Report on Business released on March 3, several commodities continued their trek to higher prices, while methanol finally dipped back down after three consecutive months of moving up. In addition to recently steady risers including natural gas and sulfuric acid, notable newcomers up this month include copper, aluminum and structural steel.

Commodities Up In Price

Aluminum
Chemicals (2)
Copper
Corn (2)
Natural Gas (4)
Plastic Resins (2)
Polyethylene
Polypropylene
Steel (2)
Structural Steel
Sulfur
Sulfuric Acid (4)

Commodities Down In Price

Methanol is the only commodity reported down in price.

Commodities In Short Supply

No commodities are reported in short supply.

Note: The number of consecutive months the commodity is listed is indicated after each item.

Source: February 2008 Manufacturing ISM Report on Business

See Also

TAGS: Procurement
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