Validate your metals purchasing strategy and find out what's in store for 2018 with the MetalMiner 2018 Annual Metals Outlook sponsored by Supply Dynamics.
Forecasting metals prices has been called a fools game. Here is why:
- Most forecasters are notoriously wrong
- Metal production numbers and metal consumption numbers are largely useless to metal buying organizations because:
- they are not actionable
- they don’t correlate to timing of purchases
- Planning and budgeting
- Purchase price variance analysis
How about you benchmark your metals prices?
Of course, you always have the option to utilize a tool, such as MetalMiner Benchmark powered by Price Dynamics. In the MetalMiner Benchmark application, you can compare industrial metal prices from North American suppliers in a secure, anonymous forum.
However, like every good speculator knows, past performance is not indicative of future results. How should a metal buyer at a Fortune 500 OEM make an informed, educated decision about future purchasing decisions?
But if metals pricing isn't predictable, why offer this report?
The challenge is not predicting what a specific price will be at a specific time -- we’d be comfortably retired if we knew that! The challenge is knowing how to source/buy/procure with greater confidence by understanding where the market is, where it could go, and knowing when to change purchasing behavior.
To that end, Supply Dynamics sponsored Metal Miner’s Annual Metals Outlook to provide buying organizations with a complete understanding of the fundamental factors driving prices and a detailed forecast that can be used when sourcing metals for 2018 — including expected average prices, support, and resistance levels.