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Bulk Solids Industry - Trends and Facts 2013
World Raw Material Prices: Business Climate Worsens
World raw materials prices on US Dollar basis have declined by 5 % in March 2013. Due to a weak exchange rate of the Euro, the price decrease in the Euro zone was significantly smaller at 2 %. Especially crude oil prices droped considerably. The IKB says that the reason for the price decrease can be found in the worsened world business climate. For the second quarter of 2013, the IKB expects a slight revaluation tendency of the US Dollar compared to the Euro, supported by the expected improvement of the business climate in the USA. (Source: IKB) (Picture: Picture: bulk solids handling)