November saw prices moving down in price for the most part.  Specifically:

General Purpose Plastic resin prices were down in price another 2%-8% except
PET which was unchanged. Year-over-year, most prices are still significantly
lower on average by over 25%, led by General Purpose PP which is down by
over 34%. PET is the notable exception and is actually up in price by over
9% year-over-year.

Engineering Grade Plastic prices also dropped another 2%-4% except ABS & POM
which were stable. Year-over-year price for all engineering resins are down
in price on average by over 13%, except ABS which is up slightly (less than

Rubber prices also showed favorable movement in November down in price on
average by over 6%. And all prices remain well below last year’s levels by
over 24% on average.

Carbon Steel prices continued the strongly favorable trend in November, with
prices down another 4% on average. Year-over-year all Carbon Steel prices
are significantly lower in price by 32%-46%.

Stainless Steel prices were more stable dropping only slightly about 1% on
average in November. Year-over-year Stainless Steel prices remain lower by
14% on average compared with one year ago, except 410 grade which bucks the
trend, up in price by over 11%.

Most Aluminum prices continued the favorable trends down by 1%-4% except
6061 grade which reversed the recent downward trend by shooting up over 30%
in November.  Year-over-year prices remain lower by over 25% on average
except Aluminum 6061 which is now priced 16% above one year ago.

In other metals, November saw prices return the downward trends in November
after the stick in October with Zinc & Brass down 7%, Nickel down 10% &
copper down 9%. Year-over-year, all remain well below last year’s levels by
over 22% on average.

Wood prices were remain unchanged in November, however, year-over-year, most
prices are down on average by over 2% except MDF which is unchanged compared
with one year ago.

Likewise, all Paper prices remained flat in November. However,
year-over-year, prices are mixed with Kraft , White Cardboard & Gray
Cardboard higher by about 4% on average, while Corrugated is lower by about
2% and Art Paper about even with last year.

Textile Fabrics prices were also flat, only Cotton was down by a fraction in
November bringing its year-over-year price change by over 8% lower. Most
other textile fabrics were unchanged in November and remain down in price by
almost 5% on average versus one year ago.

In Ceramics Raw Materials prices, only Quartz saw a change, down in price by
2.7%. Year over year, prices are mixed with Feldspar, Kaolin & Alumina down
in price on average by over 7%, while Quartz is up by over 10%.

Asian labor rates were stable in November, while, year-over-year, Thai and
Bangladesh rates are unchanged while China Labor rates are up over 10%
versus one year ago.

In Fuel & Power, all prices were up by 3%-17%, especially Natural Gas & LPG
Gas, price which is up by 16.87% & 17.47% respectively. However, all fuel
prices are significantly lower in price by over 20% on average versus one
year ago.

Ocean Freight rates remained unchanged in November and year-over-year.

Most Asian Currencies were slightly weaker against the US Dollar in
November, with the exception of Vietnam Dong which is slightly stronger and
year-over-year trends, all Asian Currencies were weaker against the US
Dollar by over 5% on average.

All of the PMI indexes signaled a contracting economy in November.  The
China Purchasing Managers Index moved from 9.8 to 49.6 and the HK China
Purchasing Managers Index moved up slightly from 48.3 to 48.6, while the USA
Purchasing Managers Index slipped below 50 moving from 50.1 to 48.6.

China Imports declined 10% in October and is 19% lower year-over-year. China
Exports also declined In October by over 6% and are 7% lower year-over-year.
(data lags by one month).

The China Producer Price Index (PPI) was unchanged in October while the
China Consumer Price Index (CPI) was down by a fraction. For the year, the
PPI is down by 3.8% while the CPI is down slightly by 0.3%.
(data lags by one month).

For additional details, please refer to the charts that follow or contact
one our Operations Specialists for more information.


Source Int’l Mfg Cost Drivers Report-November, 2015

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