1067 days ago
Lumber prices have been surging in 2021 with futures for May delivery ended Friday at $1500.50 per thousand board feet, an all time high usually four times smaller during this period of the year. Lumber producers have been able to pass on increasing costs over to consumers in such a way that net income figures have soared to new heights. Weyerhaeuser, Canfor and PotlatchDeltic so net income growth.
1067 days ago
Iron ore is in a dream scenario: demand, especially from China, is rampant, while supply is constrained. China, which accounts for about half of global steel production, is making a record amount of the metal, while industrial output is surging across the rest of the world as huge stimulus packages fuel a recovery from the pandemic. At the same time, producers are struggling to keep mines running at full capacity.
1067 days ago
Over the past week, the key component for car makers to build filters to exhaust gas, palladium, reached a new all-time high. At $3,000 an ounce, it's a price we would have never though to see. The demand keeps outpacing the supply as both US and China impose stricter emissions standards.
1068 days ago
Shrinkflation is the "creative" masking of higher prices whereby retailers sell a materially lower amount of products for the 'same' price, covering up what is often a significant price increase on a "per unit" basis. According to The Bear Trap Reports, "this is the precursor to real inflation next." It looks indeed like consumer giants from Kimberly-Clark to Clorox, Procter & Gamble, as well as food makers such as Hormel, JM Smucker, General Mills, Skippy and Hershey are already doing just that. Source: www.zerohedge.com
1068 days ago
A catch-up of commodities will push inflation upwards - Source: Gerlach Associates
