DALLAS, Texas - TwinTrader.com announces the publication of ‘Are the Dow Transports Telling Us Something?’
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Are the Dow Transports Telling Us Something?
”The once paradigm of raw materials from countries such as Brazil being shipped to China, where finished goods are then shipped backed to the Western hemisphere, may be slowing. Trade data show exports from the United States are on the rise, and the declining U.S. dollar has increasingly made exports from the United States more attractive, creating shortages and higher priced container space to exporters...
”According to the Houston Chronicle, the chairman of the Houston-based polymer and chemical exporter, Vinmar International, said container costs to China have more than doubled from $45 to $50 a ton to $105 a ton in the last six months...
”Allen Woo, sales manager for food wholesaler Manson Products in Honolulu, Hawaii, told CNNMoney he receives numerous complaints from his customers about rising food costs …”
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Scott Sanchez
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