A frequently asked question from customers purchasing brass, bronze and nickel silver extrusions is: “What does https://www.go-gba.org/22457-figure-skating-essay/ wine essays comparison and contrast essay about friends source link development costs for viagra how to write a snapshot essay drug free community essay alabama online homework helper go source url https://www.texaskidneycare.com/takecare/taking-60-mg-of-prednisone-a-day/120/ can you take tylenol with viagra list of canada rx https://sigma-instruments.com/purchase-of-viagra-tablets-1166/ https://campuschildcare-old.wm.edu/thinking/essay-on-fashion-ki-duniya-in-hindi/10/ cialis related deaths buy cialis in australia online kann man viagra halbieren cheap letter ghostwriters services au racism college essay birth control overnight delivery essay on culture wikipedia apa format for outline of research paper trusted viagra sites uk does propecia cause mental illness overdosering cialis viagra in baltimore what is cialis made of https://www.medimobile.com/erectile/cialis-madison/92/ https://eagfwc.org/men/viagra-para-hipertension-pulmonar/100/ online thesis writing service algebra homework help online ‘price date of shipment’ mean?”
Mac Metals prices its brass, bronze and nickel silver extrusions under the term “price date of shipment” which means that the price quoted, or acknowledged will be changed on the day of shipment to reflect changes in metals pricing. Mac Metals goal is to make money converting metal into a product and not on the price of the raw material.
Pricing Volatility and ‘Price Date of Shipment’ Fairness
Movement in metal pricing get passed on to the customer, limiting the exposure of metal price volatility. This is a standard practice in pricing for all domestic brass mills and should not be considered a competitive advantage.
There are three metal pricing approaches in the brass mill industry. Price date of shipment is the industry standard but it is helpful to understand all three.
- “Price date of Shipment” as mentioned above means metals sale prices are set on day of shipment. The customer bears the risk of metal price changes.
- “Firm price basis” means metal sale price is fixed on the order date. The mill bears the risk of pricing changes in metal from order date until ship date. Some mills use financial hedges to limit risk.
- “Toll Basis” means that the customer is responsible for metals procurement, making the raw materials available to the mill for processing.
Fairness of ‘Price Date of Shipment’ to Supplier and Consumer
Mac Metals will continue to price date of shipment. As a small specialty brass mill, Mac Metals has neither the resources or expertise to initiate the financial hedges, or purchase the derivative contracts to achieve this means. Tolling is not considered a viable option for our customers as our casting operations are limited to special forms of scrap and supplemented by off-site refining.
For more information on the custom extrusions provided by Mac Metals, please view our products and services tab on MacMetals.com.