We share a new update on current prices, trends and projections for the commodities that most impact the heavy industry business. We hope you find it helpful!

Commodity prices:

Metal prices:

• Steel, Iron Ore, Aluminum, and Copper prices decreased in July, after recovering in June.
• Crude Oil prices peaked in June and decreasing in July.
• Sugar prices fall and recover in July.
• Palmoil prices plummet after reaching a historical high.

Supply Chain situation:

• Disruptions to supply chain transportation and freight are far from over.
• The composite index decreased by 0.7% this week, and has dropped by 21% when compared with the same week last year.
• U.S. ports could begin experiencing disruptions soon because of Chinese port delays.
• Global supply chains disruptions will most likely persist at least until the second half of this year.
• Action should be taken to reduce the risk of financial loss in the event of persistent transportation delays and freight cost increases.