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TRUST YOUR SUPPLIERS BUT NOT THEIR DATA: A ProPurchaser INSIGHT

   ProPurchaser INSIGHT: Trust your suppliers but not their data.   Trust vs. Data Of course you need to trust your suppliers: their products, delivery, quality and service.  Makes sense or why would you want to do business with them? 

US Electric Power Markets – National Overview

If you have ever wanted to understand changes in your suppliers’ electricity costs, you might find this U.S. federal government website useful. It identifies regions and ‘hubs’. The best news is that pricing for most hubs is free and a matter of

NATURAL GAS PRICES ARE NEARING A 9-MONTH HIGH: WHAT’S NEXT?

  NEGOTIATOR’S TAKE: If you buy Natural Gas, plastics, or industrial chemicals, this analysis of the future direction of gas prices is an important read.   06.10.16 – Weekly natural gas suppliers Market intelligence company PointLogic reported that natural gas

LUMBER PRICES TUMBLE AS CHINESE DEMAND FALLS

  NEGOTIATOR’S TAKE:  Wooden pallets and crating are ripe for re-negotiation because of lower lumber prices.   01.20.16 – Slowing of housing construction and re-modelling the cause Lumber prices are down nearly 30% in the past 12 months as housing

CHINA SET TO LOSE LEVERAGE AS CHEAP LABOR SOURCE

  NEGOTIATOR’S TAKE:  The advantages of sourcing from China are shrinking; savvy purchasers are looking at moving production back to North America.   01.19.16 – Sharp rise in wages will likely lead to further devaluation of the Yuan Presidential hopeful

US FLAT-ROLLED STEEL PRICES INCREASE FOLLOWING HIKES

  NEGOTIATOR’S TAKE:  Steel prices at mills may have bottomed out so now might be a good time to lock in pricing for products and components.   1.14.16 – Upward momentum on the back of more price hikes Hot-rolled and

COPPER PRICES TO SLIDE TO NEAR 7-YEAR LOW

  NEGOTIATOR’S TAKE: Industrial metals keep falling; so should the prices you pay for metal components…opportunities abound!   01.07.16 – Concern over industrial metals Copper prices tumbled on Thursday – hitting their lowest in nearly seven years – as plunging

STEEL SHEET TUMBLES TO 11-YEAR LOW

  NEGOTIATOR’S TAKE: Opportunities abound for negotiating lower prices on Japanese-produced steel products.   12.17.15 – Japan’s domestic oversupply and slowing exports The price of steel sheet continues to fall in Japan and has now sunk to the lowest level

BASE METAL PRICES PLUMMET

NEGOTIATOR’S TAKE: You should be paying significantly less for Stainless Steel and Bronze parts and components. 11.20.15 – Copper and nickel hit six- and 12½-year lows Two of the world’s most important industrial metals, copper and nickel, fell to fresh

NATURAL GAS IN STORAGE REACHES RECORD LEVEL: NOVEMBER 2015

NEGOTIATOR’S TAKE: Record storage means Natural Gas prices likely to remain low for the foreseeable future. Set to beat 2012 record The U.S. has tied and is set to surpass a record for the amount of natural gas in storage, according