Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Commodities  >  LME Nickel Cash       

End-of-day quote. End-of-day quote  - 05/05
9300   -0.96%
05/05DJCopper Settles Lower In U.S. Trading Amid China Concerns, Strong ..
05/05DJCopper Prices Fall on China Concerns
04/29DJAMC Entertainment Profit Climbs
SummaryChartsNews 
News SummaryAll news 

Canada Producer Prices Climb In March, Raw Material Prices Decline

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/30/2012 | 04:51pm CEST

(Recasts first paragraph, adds new details starting at paragraph 3.)

--Producer prices rise 0.2%, versus expectations of 0.1% gain

--Gains offset by declines in nickel and aluminum prices

--Raw material prices drop 1.6% on lower crude

 
     By Paul Vieira 
     Of  
 

Monthly producer prices in Canada rose in March at a slightly faster pace than anticipated, with gains in prices for petroleum and coal products offset by declines in nickel and aluminum, Statistics Canada said Monday.

The industrial product price index climbed 0.2% in March. The consensus call among traders was for a 0.1% monthly advance, according to economists at Royal Bank of Canada. Data for February were revised upward, indicating producer prices in the month gained 0.3%, versus the original 0.2% estimate.

Despite the March increase, the data agency said the index remained below a recent 2011 peak, and the year-over-year advance stands at a relatively meagre 0.9%. "Overall, industrial product price growth remains non-threatening," said Ryan Brecht, an economist at Action Economics.

The index, as measured by Statistics Canada, reflects the prices that producers in Canada receive as goods leave the plant gate.

The March increase in producer prices was primarily the result of higher petroleum and coal products, up 1.8%. Other categories that climbed included food, vegetable and feeds, 0.8%; and wood products, 0.7%.

Offsetting those gains was a 1% decline in primary metal products, led by drops in prices for nickel products, 8.8%, and aluminum, 1.2%. The drop in nickel and aluminum was linked to weaker economic activity in Asia.

The data agency said the exchange rate had a "negligible" impact on the product price index.

Meanwhile, prices for raw materials used by manufacturers fell 1.6%, the second straight monthly decline, due to lower prices for mineral fuels - most notably crude petroleum. Traders had anticipated raw materials prices would advance 0.3% in the month. On a year-over-year basis, the raw materials price index in March was down 5.6% - or the first decrease since October 2009.

Website: http://www.statcan.gc.ca

-By Paul Vieira, Dow Jones Newswires; 613-237-0669; paul.vieira@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on LME NICKEL CASH
05/05DJCopper Settles Lower In U.S. Trading Amid China Concerns, Strong Dollar -- Up..
05/05DJCopper Prices Fall on China Concerns
04/29DJAMC Entertainment Profit Climbs
04/25 Mitsubishi, Pacific Metals to sell stakes in Indonesia nickel mine to Eramet
04/21DJMARK CUTIFANI : Anglo American Shareholders Reject Pay Package for CEO Mark Cuti..
04/21DJU.K.'s FTSE 100 Closes Lower
04/21DJAnglo American Reaffirms Output Targets After Mixed 1Q Output -- Update
04/21DJAnglo American Reaffirms Output Targets After Mixed 1Q Output
04/12 Vale prepares joint bid with Apollo for Anglo's Brazil fertiliser business - ..
04/06DJVale Cuts Capital-Spending Plan
Advertisement
News chart
Full-screen chart