ISPI gains 2.5% on major metals price push
Purchasing Staff -- Purchasing, 2/2/2004 2:00:00 AM
PURCHASING’s Industrial Supplies Price Index (ISPI, weighted, 1992=100) advanced 2.5% in January 2004 on substantial gains in metals, energy, and wood products indexes.
Exerting the greatest upward influence on PURCHASING's ISPI in January was a 3.6% gain in the Metals Price Index (weighted, 1992=100). Twenty-two commodity metals saw prices increase 4% or more in January, according to the Transaction Pricing Service at purchasingdata.com. Meanwhile, frigid January temperatures across much of the country dashed earlier hopes that energy prices might retreat. Purchasingdata.com’s Energy Price Index (weighted, 1992=100) rose 3.2% on substantial percentage gains in coal, fuel oil, gasoline, and natural gas. January’s gain in the Lumber Price Index was more complex with some categories posting double digit price increases, others posting double digit price declines. The Chemicals Price Index was dead flat while both the pulp and paper price indexes slid.
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