Markets Index Benchmark Prices
What are Markets Index Benchmark Prices (MIBP)?
Exclusive to Markets Index, the Markets Index Benchmark Prices (MIBP) are a collection of proprietary price series gathered by our Pricing Team utilizing our strong Methodology. Users are better able to comprehend material cost thanks to these pricing series, which offer an extra degree of detail and granularity for various product types and grades.
Our Methodology and Process
Markets Index has developed an open, tried-and-true system that guarantees the accuracy of our data points at all times. We invite market participants to participate or provide feedback on the current status of the market or any published Markets Index Benchmark Prices in order to support this.
1. Market Engagement
Anyone who wants to submit data for pertinent, non-speculative information is welcome to participate in the Markets Index pricing publication.
2. Assessment Verification
In addition to going above and above to confirm every price point used in its evaluation procedure, Markets Index may normalize data points to conform to its specified assessment standards.
3. Time Stamp
Because Markets Index thinks that price is a function of time and employs predetermined assessment periods, all assessments show price as close to the assessment cutoff time as possible.
4. Hierarchy of Information
Since not all price points are the same, Markets Index adheres to a rigid information hierarchy, giving priority to transaction data on sales and purchases.
5. Approval
Our team will authorize its publication after all data points have been validated, standardized, and all quality standards have been satisfied.
6. Publication & Transparency
Markets Index is dedicated to making all data used in the evaluation process available upon request.
Testimonials from Clients
“Markets Index has established itself as a reliable leader in the industry”
offering dependable data that facilitates meaningful conversations with suppliers, sales teams, and customers. By applying their insights, we can enhance transparency and cultivate stronger partnerships throughout the supply chain.
Roger Federal
Uses Saxolvestor“The accessibility of Markets Index's tools strengthens our negotiation position with suppliers”
Helping us secure more favorable agreements while conserving valuable time. Furthermore, their platform simplifies internal workflows, boosting overall productivity and enabling our team to concentrate on strategic goals.
Roger Federal
Uses Saxolvestor“Markets Index’s Forecast Service delivers comprehensive analysis and practical hedging strategies”
equipping our organization to make well-informed, data-backed decisions. With this level of insight, we are better positioned to adapt to market trends with confidence and maintain a competitive edge in an evolving business landscape.
Roger Federal
Uses SaxolvestorLatest News Update
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