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Daily News

Appliance Industry Paid Higher Commodity Prices in December
Jan 6, 2011
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The Electrical Equipment, Appliances & Components industry segment was one of the 18 industries (out of 18 total tracked industries) that reporting paying increased commodity prices during December.

The ISM Prices Index of products supplied to overall U.S. manufacturers registered 72.5% in December, up from 69.5% in November, according to the latest Manufacturing ISM Report On Business.

COMMODITIES UP IN PRICE
The following commodities were reported to be Up in Price in December, according to the ISM report (the number in parentheses indicates the number of consecutive months the commodity is listed):
• aluminum (4)
• brass
• caustic soda (5)
• chemicals (3)
• copper (5)
• copper based products (2)
• corn (4)
• corrugated containers (10)
• diesel
• electronic components
• gasoline
• high density polyethylene
• natural gas (reported to be both up and down in price)
• nickel (2)
• pet
• plastic resins (2)
• polyester
• polyethylene (4)
• resins (2)
• soybean oil (2)
• stainless steel (2)
• starch
• steel (4)
• steel products
• sulfur
• tin plate
• titanium dioxide (2)

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

The Institute for Supply Management report said that December 2010 was the 18th consecutive month that the Prices Index registered above 50%. The ISM report said:
• 48% of respondents reported paying higher prices
• 3% reported paying lower prices
• 49% reported paying the same prices as in November

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