SunSirs--China Commodity Data Group

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25/06/2017
Pricing By Index
Bulk Commodity Pricing By Index
Select commodity:
  
Date of the latest price: (select the date before today)
Input the latest price: (Don’t input the unit)
Example: Pricing of glyphosate
Suppose the date of the latest price is 04 December 2012, and the price of glyphosate on that date is 36000; the index of glyphosate on 04 December 2012 is 154.46, and that on 25 December 2012 is 152.98, with an index change of -0.96%; then, based on SunSirs index pricing principle, the up-to-date glyphosate price for reference is 35655.06.
Commodity Index of Glyphosate
Commodity Price for Reference of Glyphosate
Date Price Index
2012-12-24 35655.06 152.98
2012-12-23 35741.29 153.35
2012-12-22 35741.29 153.35
2012-12-21 35741.29 153.35
2012-12-20 35741.29 153.35
2012-12-19 35741.29 153.35
2012-12-18 35741.29 153.35
2012-12-17 35741.29 153.35
2012-12-16 35827.53 153.72
About Pricing By Index
Commodity index is derived from commodity price, and reflects the change of commodity price in the mean time. After several years’ development, SunSirs.com has collected commodity indexes of more than 300 commodities from 8 industries. These indexes are widely used by industry users, futures organizations and securities organizations as a tool to reflect the change of prices.
SunSirs commodity price index is not only used to reflect the change of prices, but also provide references for industry users to fix prices. Its principle is as below:
Note:1. P1 stands for the up-to-date commodity price for reference;
2. I1 stands for the up-to-date commodity index;
3. I0 stands for the commodity index on the selected date;
4. P0 stands for the commodity price on the selected date.
Since the commodity index in the above formula has removed all attributes of the commodity prices such as location, type and price unit, pricing based on the formula is always fair, fast and simple when used by manufacturers, distributors and downstream users.