Procuring commodity materials in uncertain conditions

When will the price be right?

Register to download Commodity Price Watch Asia, April 2021

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Manufacturing, consumer packaging, automotive and ship building are key industries for Asia Pacific economies. They are also sectors that rely on a variety of commodity materials to stay in production. This means that making bulk commodity materials purchases at the wrong time could impact production, budget, revenue and margins.

It has been a tricky time for procurement teams, considering uncertain economic conditions, supply chain disruptions from COVID-19 and volatile commodity prices.

The surge in commodity prices over the past year guarantees a rise in goods price inflation this summer but the important question is whether this is temporary or a long-drawn out scenario.

The monthly "Commodity Price Watch Asia" report, by IHS Markit, analyses the outlook for key commodities and presents recommendations by of when to make purchasing decisions.

Usually available to clients only, the latest report based on the outlook for April 2021 is now free to download.

Key commodity coverage

Oil & Gas Markets
Brent, Dubai, Newcastle steam coal, gasoline, Naphtha

Chemicals and plastics
Ethylene, polyethylene (PE), Propylene, Polypropylene (PP), PVC, Benzene

Steel commodities
Global steel, Iron ore, heavy melt steel scrap, met coal, hot rolled coiled steel, cold-rolled coiled steel, galvanised steel, plates, merchant bars, steel rebar, structural steel, steel wire rod

Non-ferrous metals
Aluminium, Copper, Nickel, Zinc, copper

Commodity Price Watch Asia, Global Pricing & Purchasing Service, IHS Markit
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 analysing 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.

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