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Raw material prices

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Jan 11, 2018
Hi Fastlaners.

The raw material prices might play a major role in our sourcing strategy.
By following them, we know when to push the manufacturer for discounts or to expect increase.
To have full control over our product, we need to know the direct and indirect raw materials used for it's manufacturing (in more details for the terms here: Raw Materials).

I found out, that it's quite inconvenient to follow several different type of materials simultaneously due to the lack of unified source (at least I haven't found such).

The metals i track here (for Europe): London Metal Exchange: Home
For the Polymers (PVC for example), I use: PIE Plastics Information Europe  Home (which is with subscription service).

Still haven't found anything decent platform for paper or a all in one source (even better).

Any information will be highly appreciated.

By the way, this is a business opportunity as there is a need and thousands of perspective users (owners, Purchasing managers and etc.) :)

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