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SVTPerformance's Chain of Restaurants
Road Side Pub
Current New Vehicle Market
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<blockquote data-quote="sonicx" data-source="post: 16744179" data-attributes="member: 126595"><p>We haven’t see the peak and or rock bottom depending on your outlook on life. It’s going to get worse (more so) before it’s better. I am basing my on current market spec of raw materials. For example, per ounce price of palladium (material making within catalytic converters) was around $2,589 an ounce beginning of March. As of March 10, rose to $3,084. Another key material in manufacturing (nickel) surged from $25,438 per ton (again beginning of month) to $48,211 start of March 10th. Thursday. Not sure what this means as an outlook but then London Metal Exchange<a href="https://www.cbsnews.com/news/stocks-swing-wildly-as-u-s-bans-russian-oil-imports/?ftag=CNM-00-10aab4i" target="_blank"> </a>put a stop trade of nickle because of the spec surge. Topple that with not hitting the ceiling concerning price per barrel of oil… we’re in for it now.</p></blockquote><p></p>
[QUOTE="sonicx, post: 16744179, member: 126595"] We haven’t see the peak and or rock bottom depending on your outlook on life. It’s going to get worse (more so) before it’s better. I am basing my on current market spec of raw materials. For example, per ounce price of palladium (material making within catalytic converters) was around $2,589 an ounce beginning of March. As of March 10, rose to $3,084. Another key material in manufacturing (nickel) surged from $25,438 per ton (again beginning of month) to $48,211 start of March 10th. Thursday. Not sure what this means as an outlook but then London Metal Exchange[URL='https://www.cbsnews.com/news/stocks-swing-wildly-as-u-s-bans-russian-oil-imports/?ftag=CNM-00-10aab4i'] [/URL]put a stop trade of nickle because of the spec surge. Topple that with not hitting the ceiling concerning price per barrel of oil… we’re in for it now. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Current New Vehicle Market
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