If you’re a metals market watcher or industrial metals buyer, here’s some rather disconcerting information to chew through.
Commodity Price Volatility
We at MetalMiner have long been preaching the gospel of volatile metal prices (and ways to hedge yourself against risk), but the facts behind the trends support our position. Since January 2013, the range of index movement of four of the 10 metal sectors we track has been in the double-digits:
- Our copper price index has moved 14 points
- Our stainless steel price index moved 19 points
- Our precious metals price index has moved 25 points
- Even our raw steels price index has moved by 10 points
That’s Not Nuthin’
This kind of uncertainty may cost your company a ton of money. When you’re planning your budget for a year in advance, it would be good to know where copper, steel, or stainless markets are headed. Just knowing that they have a tendency for volatility is a good start. Now, MetalMiner has the capability to get your company more visibility into the markets than ever, with our price forecasting services.
We’re offering attendees of Commodity/PROcurement EDGE – just around the corner, running Oct. 8 and 9 here in Chicago! – free fruits of this labor: actual 8-week price forecasts for steel (hot-rolled, cold-rolled, plate, HDG), stainless, aluminum, and copper.
So how to make the best use of these tools?
There’s a Conference For That
Speaking of cost savings, we’ve made our conference entry fee way more affordable – check out the new rates here.
We’ve extended the discounted hotel room rate (only $229!) until Monday, Sept. 23 – even if you haven’t registered for the conference yet, grab this deal while you can! Full hotel details here.
Click below for all the details and to register: