10.10.2008 - Bargain hunters driving down commodity prices
From Financialpost.com: The fall in commodity prices is being exacerbated as international buyers delay or even back out of purchases in the hope that the market will go still lower. "Everything is affected, from copper concentrates to oil and gas," said Knut Jensen, executive vice-president of Montreal-based Canfornav Inc., which operates a global fleet of 30 bulk carriers. "People are waiting as long as they can for the market to start going sideways instead of down so they can get a better price.".... Full Article: Source
Print