Your English writing platform
Discover LudwigSuggestions(1)
Exact(5)
Transportation delays, together with rising raw material prices in world markets, are driving up costs for Chinese industry.
Businesspeople from a wide range of industries all over China said in interviews at the fair that rising raw material prices in particular had been seriously crimping their profit margins.
Rising raw material prices in China in 2000 did not drive up consumer prices much, however, because raw materials were a small share of the total cost of goods then, with labor and other costs contributing more.
The company, which was formed in 1999 in the merger of AlliedSignal and Honeywell, cited unexpected parts shortages in its aerospace unit, higher-than-expected raw material prices in its performance materials unit and high interest rates.
Barry Knapp, head of U.S. equity strategy, says the collapse in raw material prices in the back half of 2009 was a "big tailwind for earnings," especially for companies like Alcoa that continued to beat EPS estimates despite weakness on the top line.
Similar(55)
Much of the surge in raw-material prices in recent years reflects the fact that few foresaw the pace of emerging-market growth.
Of course, that raises the question of what caused the rise in raw materials prices in the first place.
While it has been impossible to disentangle the influence of QE from other causes of high raw-materials prices in the past couple of years, it seems certain that at least some of the billions poured into Wall Street must have found their way into commodity speculation.
The cost of oil and other raw materials priced in dollars is rising.
Over the last year, European carmakers have been struggling to stay profitable amid rising oil and raw material prices, a decline in consumer spending in Western Europe and a weak dollar.
"We're a bit more cautious about the second half" in light of higher raw material prices and delays in European cost-cutting, the company's chief executive, Michael Treschow, said.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com