Taking the risk out of material prices

There are ways to take the risk out of material price fluctuations, as will be explained in a free seminar presentation at the Subcon exhibition on Tuesday 1st May.

If you ask any manufacturing company what the biggest problem has been over the past 12 months it's a good bet that many of them will say material prices.

But there are ways to take the risk out of material price fluctuations, as Neil Banks, Director of Exchange Strategy at the London Metal Exchange (LME) will explain in a free seminar presentation at the Subcon exhibition on Tuesday 1st May.

Subcon, the international show for buyers of contract manufacturing services, takes place from 1-3 May at the NEC, Birmingham, and covers everything from machined parts, electronic assemblies, castings, plastic mouldings and metal fabrications, through to full manufacturing services, design and build, and rapid prototyping.

In his presentation, which is aimed at educating anyone who is new to the concepts of hedging and price risk management Banks will explain how the LME works and how it can help.

He will also show how basing physical transactions on LME pricing can provide an effective hedge method and how the services of the LME can help purchasing professionals add value to their commercial transactions.

Banks says that his presentation will be of interest to any procurement professionals and manufacturers affected by cost fluctuations of commodities and will give examples of hedging scenarios.

"Ongoing dialogue and education with the sub contracting and manufacturing sectors is vital to ensuring there is full understanding of the services the LME provides to both the metals and plastics industries globally", he says.

Back to top