Procuring commodity materials in uncertain conditions
Have commodity prices reached the top?
Request a copy of Commodity Price Watch, August 2021
Please complete the form to request your copy of our Commodity Price Watch.
It has been a tricky time for procurement teams, considering uncertain economic conditions, supply chain disruptions from COVID-19, and volatile commodity prices.
However, after surging for more than a year, there are growing indications that the long rally in commodity markets is ending. Our Materials Price Index (MPI), a broad collection of commodity prices, has exhibited very choppy behavior since April, with prices in August slightly below where they were in early May, which at the moment represents the high point in the current cycle.
We are seeing some impacts on pricing downstream with an explosion in pricing for machinery and equipment. How long will this last? How far downstream will the commodity pricing increases from this past year flow? What are the true impacts of the backlogs and long delivery times on the market? Our monthly Commodity Price Watch provides the insights you need.
Usually available to clients only, the latest report based on the outlook for August 2021, is now free to download.
Key commodity coverage
Steel
commodities
Global steel, Iron ore, heavy melt steel scrap, met coal, hot
rolled coiled steel, cold-rolled coiled steel, galvanized steel,
plates, merchant bars, steel rebar, structural steel, steel wire
rod
Non-ferrous
metals
Aluminum, Copper, Nickel, Zinc, copper
Oil & Gas
Markets
Brent, Dubai, Newcastle steam coal, gasoline, Naphtha
Chemicals and
plastics
Ethylene, polyethylene (PE), Propylene, Polypropylene (PP), PVC,
Benzene
Commodity Price Watch, Global Pricing & Purchasing Service
Our Global Pricing & Purchasing Service helps procurement professionals make strategic material purchases. We provide supply, demand, and pricing outlook for materials; tools and calculators for analyzing costs; and access to analysts. The Commodity Price Watch monthly report is part of this service. It provides a global outlook with regional reports available for North America, Europe, and Asia. https://ihsmarkit.com/products/commodity-coverage-global.html