Metals Prices Tumble
Published: 19 August 2008
by Staff
NEW YORK -- The price of tin used in solder paste fell to $$8.00/LB down from $11.00/LB in May.
Gold was below $800/ Troy ounce, down to $786.50/ Troy ounce on Aug. 15, the first time in 2008 that the price has dipped below the $800 mark.
Pricing of CCL may also be headed downward. Copper prices have been in free fall since June, down from a high of $4.10/LB in July, to $3.25/LB last week. This coupled with a high CCL inventory level should push pricing down in Q4. Major companies in Asia have already reported price reductions in the range of 10% for new orders.
Gold was below $800/ Troy ounce, down to $786.50/ Troy ounce on Aug. 15, the first time in 2008 that the price has dipped below the $800 mark.
Pricing of CCL may also be headed downward. Copper prices have been in free fall since June, down from a high of $4.10/LB in July, to $3.25/LB last week. This coupled with a high CCL inventory level should push pricing down in Q4. Major companies in Asia have already reported price reductions in the range of 10% for new orders.
