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 crecen en el segundo trimestre

According to a study which prepares quarterly Aerce, the Spanish Association of responsible of purchases and stocks

Purchase in industrial chemistry prices grow in the second quarter

Drafting QU01/10/2004

The rate of annual variation of the purchase price index corresponding to the chemical industries sector stood in the second quarter of the year 2004 in the + 2.53%. (The rate of quarterly variation, for its part, experienced a significant increase, stood at + 1.59 per cent).

The index of prices of purchase Aerce in the chemical industries sector has reached the value of 111.03 in the second quarter of 2004 (base 100-01/01/2000), which means that last year the prices of the materials in the chemical industries have been a notable increase, of the order of + 2.53%.

If we compare the prices of these raw materials with those already registered in the previous quarter, we can see also experienced a significant inflationary rebound, of the order of the (+ 1.59 per cent).

Once again metal materials have been ferric (+ 9.84 per cent), the sector that more has influenced the overall growth of the price index. The price of steel and all its derivatives has continued experiencing in this second quarter of 2004 strong increases, nearby even in specific cases to 50 percent.

Other sectors that have also experienced inflationary rises have been non-metallic materials (+ 2.23%), the industrial chemistry (+ 1.59 per cent), and electrical equipment (+ 1.54 percent). On the contrary, the sectors that have recorded declines in prices have been non-ferrous metals (- 1.92 per cent), cleaning (- 1.73%) material and pharmaceutical chemistry and cosmetics (-0.52 per cent).

Finally, the forecast calculated for 1-10-2004 is 103.65. I.e., the upward trend recorded this quarter tends to disappear in the third quarter of 2004, and the prices tend to stabilize.

Index of purchase prices (IPCO) is a study by Aerce (Spanish Association of responsible of purchases and stocks) on a quarterly basis, since 1996. The information is provided by a panel of more than one hundred companies associated to Aerce in Spain.

The study presents the evolution of prices of more than 500 commodities and purchases products, grouped in different industrial sectors and services.

The evolution of prices of the different industrial sectors and services allows to obtain the index of purchase prices (IPCO) estimated by the weighted average of each sector in the whole of Spanish GDP, which indicates the variation of the set of purchase prices of raw materials and products from shopping in Spain.

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