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Supply Chain: Commodity & Material Prices

Focus on purchasing, materials management and logistics

About Price Availability

Price benchmark information is vital for analyzing the cost structure of a product or service in order to negotiate the best contract terms and favorable prices. Price escalations in contracts are sometimes tied to the market exchanges or subscription based price sources
 

 Coverage

  • Price information is mostly available for raw materials or commodities where standard specifications have been established and there is little variance in their production process.   Examples include commodities in base metals, agriculture, energy, pulp and paper, certain steel forms and grades, plastic resins, fertilizers and other chemicals
     
  • Because of the high degree of customization in production, published price reports for finished goods are not readily available but are usually obtained through the RFQ (request for quote) or bidding process.   Examples of finished goods include fasteners, adhesives, electronic enclosures

Origin

  • Major world commodity exchanges such as LME, ICE, CME-NYMEX, and SHFE
  • Price benchmark assessments completed by specialized information providers or industry publications and sold to subscribers.  There are many such providers worldwide and their reports can be costly

 Rarely free

  • Real time spot and forecast price information require subscriptions.  Exchanges  allow access to same day, real time price transactions only through their approved vendors such as Bloomberg, Metal Bulletin, etc
  • Forecasters charge for their analysis; Information providers for collecting and analyzing the data.
  • In the U.S., government agencies such as the EIA and USDA provide some recent price assessments and forecasts for energy and some agricultural commodities.  Price publishing for certain sectors can also be delayed by weeks or months
  • Trade associations are good sources for supply and demand statistics but very rarely provide prices

Recent or real time prices for the following select commodities and finished goods are available through the following Kresge Library, government and organization resources

Consult the Librarian for price information not listed

Agriculture Prices

Construction Prices

Energy Prices

Metals & Minerals

Real Estate Prices

REIS

  • Commercial property rates for the U.S. metro and states
  • Access only available at the Tozzi Center

Textiles

Search for YnFx Global Textile Weekly Price Watch

  • Polyester, nylon, acrylic, viscose and cotton. Also include feedstock prices

 

Multi-Sector Prices

Frequently Used U.S. Price Indexes

Price Management Background

Examples of Available Current Price Data Sets

Bloomberg (BL)

Base Metals

  • Aluminum/ium
  • Copper
  • Lead
  • Nickel
  • Tin
  • Zinc

Precious Metals

  • Gold
  • Silver

U.S. EIA

  • Coal
  • Electricity
  • Natural Gas
  • Oil

USDA

  • Fruit
  • Vegetables
  • Grains
  • Livestock
  • Fibres

BMI Outlook Reports

  • Coffee
  • Sugar
  • Barley
  • Corn
  • Rice
  • Palm Oil
  • Soybean