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Analysis | December 01, 2015
Raw materials prices show significant decrease
The Passive Component Raw Material Index showed a significant decrease in pricing in August 2015 of 10.5% on a month-to-month basis following another equally significant price reduction in July of 9.3%, writes Dennis Zogbi for TTI's MarketEye.
While the lower raw materials pricing bodes well for profitability for passive component manufacturers, it is also a testament to a weak global economy. The raw materials consumed in passive electronic components are also consumed in a myriad of other end-markets and are therefore an indicator of the health of the global economy as a whole, he notes.
The decrease in pricing was evident in all commodities tracked by him, which is not an encouraging sign in the market. This drop in price is proportional to a drop in demand.
Base metal material prices decreased by 10.6 percent in August following a 10.7 percent decrease in July. Nickel prices especially took a huge dip; and copper, aluminium and zinc also dropped significantly in price for the month. Precious and rare metal prices also decreased by 8.5 percent in August 2015, following a 6.8 percent price decrease in July 2015 (measured on a month-to-month basis).
Prices for palladium dropped sharply. Ruthenium prices were also down. Tantalite prices remained unchanged, and silver prices dipped slightly in August 2015.
The decrease in pricing was evident in all commodities tracked by him, which is not an encouraging sign in the market. This drop in price is proportional to a drop in demand.
Base metal material prices decreased by 10.6 percent in August following a 10.7 percent decrease in July. Nickel prices especially took a huge dip; and copper, aluminium and zinc also dropped significantly in price for the month. Precious and rare metal prices also decreased by 8.5 percent in August 2015, following a 6.8 percent price decrease in July 2015 (measured on a month-to-month basis).
Prices for palladium dropped sharply. Ruthenium prices were also down. Tantalite prices remained unchanged, and silver prices dipped slightly in August 2015.
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