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Any downward movement in shot prices?

Discussion in 'Uncategorized Threads' started by Questor, Dec 11, 2007.

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  1. Questor

    Questor TS Member

    Dec 4, 2007
    Are you starting to see a drop in the price of magnum shot yet? Thanks!

    (Any idea of when we can expect one?)
  2. AveragEd

    AveragEd Well-Known Member

    Jan 29, 1998
    Mechanicsburg, Pennsylvania
    I think it will take a while for any decline in raw material cost to become evident on our dealers' shelves. But so far, things are headed in the right direction.

  3. Hipshot 3

    Hipshot 3 TS Member

    Sep 14, 2007
    Yes, there HAS been a downward movement....the prices all went south!
  4. highflyer

    highflyer TS Member

    Feb 1, 2006
    I think all of you should buy up the remaining high priced bags of shot so I can afford the new supplies.
  5. esoxhunter

    esoxhunter Well-Known Member

    Mar 15, 2006
    I would think that it may be 3-6 months before we notice any meaningful drop in price. You might find it drop a couple of bucks here and there. But it would be my guess, (and that's all it is); you won't see $30 shot before Spring. After that another $3-$5 a bag drop and it will settle in at $25-$28 a bag. There, my crystal ball has spoken... Ed
  6. redhawk44

    redhawk44 Member

    Jan 29, 1998
    Mendon, Mi

    Lead Falls to 5-Month Low on Signs Ivernia Will Resume Exports

    By Chanyaporn Chanjaroen

    Dec. 11 (Bloomberg) -- Lead fell to a five-month low on expectations Ivernia Inc., banned from exporting 3 percent of the world's mined lead output, will be able to resume exports. Copper declined after a jump in stockpiles.

    The government of Western Australia state was reported by the Australian Broadcasting Corp. as saying Ivernia will be able to ship its production from the port of Fremantle safely. Lead prices doubled after the company's exports were halted in March and reached a record in October.

    That incident was ``the biggest driver for lead this year,'' said Neil Hawkes, who has monitored the metal for 15 years at London-based consultant CRU. ``It's looking more and more likely'' Ivernia's Magellan mine will restart, he said by phone.

    Lead for delivery in three months fell $105, or 4.1 percent, to $2,435 a ton as of 11:55 a.m. on the London Metal Exchange, the lowest since June 20. It has declined for seven trading days.

    Western Australia's Environmental Protection Authority yesterday recommended Toronto-based Ivernia be allowed to start shipments through Fremantle. Environment Minister David Templeman will make the final decision.

    Prices also fell on concern U.S. demand will weaken next year as growth in the world's biggest economy slows, Hawkes said.

    The U.S. Federal Reserve will reduce the benchmark interest rate by a quarter point to 4.25 percent today, according to 113 of 123 economists surveyed by Bloomberg News. The Fed will announce its decision at about 2:15 p.m. in Washington.

    China Taxes

    China, the world's biggest producer of zinc and lead, won't alter export taxes for the two metals in January, Zhou Guobao, head of the lead and zinc division of the China Nonferrous Metals Industry Association, said by phone from Beijing today. The group advises the government on policy changes for mining and metals.

    Speculation that the nation would impose export taxes on both metals depressed prices last month because Chinese exporters rushed to ship out the metals to avoid the taxes.

    Copper dropped $105, or 1.5 percent, to $6,720 a ton after stockpiles tracked by the LME rose 1.5 percent to 191,200 tons, the highest in almost nine months.

    The contract for March delivery declined 0.5 percent to $3.046 a pound on the Comex division of the New York Mercantile Exchange in out-of-hours electronic trade.

    Imports of copper and related products into China, the world's largest user, rose 9.5 percent in November to 223,777 tons from the preceding month, the Beijing-based customs office said today in a statement. That was a 28.2 percent increase from a year ago, according to Bloomberg data.

    Higher Imports

    Higher imports were probably because of stronger-than- expected demand and more stockpile accumulation, Michael Jansen, an analyst at JPMorgan Securities Ltd. in London, said today in a daily report.

    Copper stockpiles monitored by exchanges in Shanghai, London and New York total 234,245 tons, equal to about 4.8 days of global use. The average in the last 12 months has been 4.9 days.

    Aluminum lost $3 to $2,458, nickel fell $250 to $26,050 a ton and tin dropped $175 to $16,550. Zinc declined $2 to $2,378.

    The UBS Bloomberg Constant Maturity Commodity Index of 26 commodities has gained 18 percent this year.
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