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Manufacturing Commodity Prices in Nov.
Dec 2, 2010
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The Electrical Equipment, Appliances & Components industry segment was one of the 14 industries (out of 18) that reporting paying increased prices during November.

The ISM Prices Index for products supplied to U.S. manufacturers registered 69.5% in November, down 1.5% from the 71% reported in October, according to the latest Manufacturing ISM Report On Business.

COMMODITIES UP IN PRICE
The following commodities were reported to be Up in Price in November, according to the ISM report (the number in parentheses indicates the number of consecutive months the commodity is listed):
• aluminum (3)
• caustic soda (4)
• chemicals (2)
• copper (4)
• copper based products
• corn (3)
• corrugated containers (9)
• nickel
• plastic resins
• polyethylene (3)
• resins
• soybean oil
• stainless steel
• steel (3) (reported as both up and down in price)
• titanium
• titanium dioxide

COMMODITIES DOWN IN PRICE
• natural gas
• steel (reported as both up and down in price)

COMMODITIES IN SHORT SUPPLY
• cocoa powder (3)
• electrical/electronic components (3)
• IGBT (integrated gate bipolar transistors)
• polyethylene, low density

The Institute for Supply Management report said that November 2010 was the 17th consecutive month that the Prices Index registered above 50%. 48% of respondents reported paying higher prices, 9% reported paying lower prices, and 43% reported paying the same prices as in October. ISM said a Prices Index above 49.3%, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) Index of Manufacturers Prices.

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