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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

U.S. FLAT-ROLLED STEEL PRICES UNCHANGED

NEGOTIATOR’S TAKE:  Falling steel prices mean opportunities continue to negotiate prices reductions for steel components.   U.S. hot-rolled and cold-rolled steel coil prices were still under pressure on Monday with many anticipating further declines but current levels were unchanged.  Platts

RUBBER PRICES FALL EVEN MORE AS COMMODITIES SLUMP

NEGOTIATOR’S TAKE:  Rubber prices are at 6-year lows – a good time to approach suppliers for price decreases.   Rubber has emerged as one of the worst performers amid the slump in global commodities in recent weeks, thanks to a

NICKEL TRADING LIKE IT’S 2008

NEGOTIATOR’S TAKE:  Looks like Nickel prices may stay low for a long time to come, making Stainless Steel components more economically viable than in the past.   On the London Metal Exchange (LME), benchmark nickel for three-month delivery is currently

NICKEL PRICES FALL TO NEAR 2009 LOWS

NEGOTIATOR’S TAKE: Great time to approach your Stainless Steel parts suppliers for a price decrease.   Nickel already halved its year-to-date value This week, prices fell below the $10,000 per metric ton, a physiological resistance level.  Prices are now approaching

U.S. OIL WILL LIKELY SLIDE TO $30

NEGOTIATOR’S TAKE: Lubricants, plastics and transportation are all candidates for price reduction.     Toward prices not seen since the last financial crisis As U.S. oil fell to a six-year low below $41 a barrel on Wednesday, an increasing number

METALS PRICES FOLLOW GOLD’S WAKE IN MULTIYEAR LOWS

NEGOTIATOR’S TAKE: A great time to be calling your metal parts suppliers and negotiating decreases.   China adding to market malaise Prices of major traded-metals have tumbled to multi-year lows as weak Chinese manufacturing data added to the brew of excess

DIESEL PRICES TANK AMID GLOBAL GLUT

NEGOTIATOR’S TAKE:  Great information to have on-hand when your trucker asks for an increase. The world is awash in diesel, sending prices plunging and delivering some commuters a rare bounty. CHEAPER THAN GASOLINE IN 21 U.S. STATES Diesel at the

PP, PS PRICES UP – PE, PVC PRICES FLAT

NEGOTIATOR’S TAKE:  Not all plastic feedstocks are up – good information for pushing back against increases for Polyethylene and PVC based products and components An upwards price surge for PS and PP may continue this month, although the driving factors are

A DIFFERENT WAY TO NEGOTIATE

ProPurchaser CORE PRACTICE: Never enter negotiations without first researching what has happened to your supplier’s costs Two Ways We Engage with Suppliers As Purchasing professionals, we use two main approaches to establishing prices with suppliers. The first is through a