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Commodity Price Overview I March 2018

Commodity Prices

The price of a commodity good is typically determined as a function of its market as a whole. These markets tend to be very volatile due to supply and demand issues. The cost of goods can fluctuate immensely, which can be devastating to those predicting profits. This can also eat away at profit margins slowly and a smaller company can quickly become unprofitable. Therefore, making it extremely difficult to set prices for products, along with predicting profits or losses going forward.

There are several commodities that have a direct impact on the permanent magnet industry. Therefore, we’ve highlighted a few key commodity changes from March 2017 to March 2018.

commodity prices

Goudsmit UK

If you require any further information on how this may impact your operations or to find out more about out magnetic products and assemblies, contact us on (0) 2890 271 001 or at dean@goudsmit.co.uk.

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