PRM - Materials sector weekly round-up: Huadi International logs biggest gain; Danimer Scientific slips to bottom

The S&P Materials Select Sector Index closed this trading week with a marginal +0.41% gain, while the Materials Select Sector SPDR ETF (NYSEARCA:XLB) was down -0.70%. London copper prices fell to their lowest in almost a month on Dec. 15, hitting $9,325 a ton, as cautious investors awaited a U.S. Federal Reserve decision on how soon it would conclude its bond-buying program. However, prices bounced back on Thursday, rising over 2% at $9,385 a ton, driven by improved risk sentiment after the U.S. Federal Reserve provided an upbeat tone on economic recovery. Tin (LMSNDS03:COM), nickel (LN1:COM), iron ore (TIOC:COM) and aluminum (LMAHDS03:COM) also bid up higher on Dec. 16. Meanwhile, gold (XAUUSD:CUR) rose above the key $1,800 level on Friday, reaching a high of $1,814.05 per ounce, before setting down at $1,796.12 per ounce. Softwood lumber prices have doubled since mid-November, mostly driven by transportation disruptions caused by floods in British Columbia, which

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Materials sector weekly round-up: Huadi International logs biggest gain; Danimer Scientific slips to bottom