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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Los precios de compra en química industrial se mantienen
According to a study which prepares quarterly Aerce, the Spanish Association of responsible of purchases and stocks

Purchase in industrial chemistry prices remain

Drafting QU01/04/2004
The rate of annual variation of the purchase price index corresponding to the chemical industries sector remained virtually stable in the fourth quarter of 2003, with only some timely increase, of the order of the + 0.05 per cent. The rate of quarterly variation, for its part, experienced a slight increase, but it was also a slight (+ 0.19 per cent).
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The index of prices of purchase Aerce in the chemical industries sector has reached the 108.40 value in the fourth quarter of 2003 (base 100-01/01/2000). I.e., the year 2003 closes with a global situation very close to the stability, similar to that recorded at the end of 2002.

In comparison with the previous month, has not been great variation in the index of purchase prices. Prices have remained practically stable, with slight adjustments to the rise of the order of the (+ 0.19 per cent).

Results for the fourth quarter of 2003

Aerce of purchase of raw materials and products for purchase prices reached the value of 101.05-1-1-2004. I.e., the year 2003 ends with a new and significant inflationary rebound in prices of raw materials, of the order as a whole of the + 0.75 per cent. With this latest increase, it is revealed the increase means that have experienced the prices (of about of 1 per cent) during the second half of 2003.

The sectors who most contributed to this last inflationary rebound include the agri-food sector (+ 1.38 percent), metals ferrous (+ 2.83 percent) and non-ferrous (2 percent) and construction (+ 2.34%) sector.

On the other hand, between the more deflationary sectors this quarter are chemical pharmaceutical and cosmetics

(- 1.35 percent) and the material of cleaning (- 2.24 per cent).

As for the forecast calculated for 1-4-2004, this is of 101.17. I.e. is expected 2004 to commence with a further increase in the average prices of raw materials and products for purchase, the order of the (+ 0.12 per cent), increased due to its low magnitude, will not have much relevance.

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The Index of Prices of Purchase (IPCO) is a study elaborated by Aerce (Spanish Association of Managers of Shopping and Existences) trimestralmente, from the year 1996. The information is supplied by a signpost of more than one hundred companies associated to Aerce in Spain.

The study presents the evolution of prices of more than 500 raw materials and products of shopping, grouped in different industrial states and of services.

The evolution of prices of the distinct industrial states and of services allows to obtain the index of prices of purchase (IPCO) that calculates by the average ponderada of each sector in the group of the Spanish GDP, that indicates us the variation of the group of prices of purchase of raw materials and products of shopping in Spain.

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Asociación Española de Profesionales de Compras, Contratación y Aprovisionamientos

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