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JWB Recycling Ltd
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Recycling Specialists
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For Catalytic Converters Circuit Boards, and other Precious Metal Waste Products..
JWB Recycling
Are Currently Buying
- Catalytic Converters
- PC Equipment
- Circuit Boards
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- Scrap Jewellery
- Non Ferrous Metals
- Ferrous Metals
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Industry News
Latest Industry Update: The Market For Commodities Is In A Downturn
Commodity prices are due for a “protracted bear market” after speculators drove prices artificially high in recent months, Merrill Lynch & Co.'s chief investment strategist said Wednesday:
“We commented early last month that the level of speculation in commodities was at an all-time high,” said Richard Bernstein in a report. “Despite September's pullback in overall commodity prices, the level of speculation has actually risen!”
Merrill was not the only brokerage betting that the commodity space is getting riskier.
An RBC Dominion Securities analyst turned bearish on the Canadian oil field services sector Wednesday, urging investors to view companies working in the field with caution, given the sharp drop in natural gas prices.
”In light of further risks to gas prices, exploration and production spending, and pressures on service pricing and margins created by potentially lower activity levels and more capacity, defensiveness and caution should continue to be the main theme over the next 6-9 months,” RBC's Angela Guo wrote in a note.