Kemiex was founded in 2017 with the vision to connect all buyers and sellers of raw materials in the life-science industry through an all-in-one solution. The first product available to clients was the Marketplace, where companies could transact safely and efficiently using the tool. Over time, as a consequence of the growth in usage and after collecting feedback from many clients, we decided to develop a new solution that would allow users to visualize data to make better decisions: Kemiex Insights, which was first launched to clients in June 2019.

The following series will focus on explaining how Kemiex Insights supports companies to make better decisions on a daily basis. Since launching it in 2019, our team has worked tirelessly to continue improving the value delivered to our customers in every aspect. As of September 2022, we offer 3 different solutions related to Insights in the platform and in this first chapter of the series, we will explain the Price Trends solution.

Price Trends

What is it?

Price Trends is a tool developed by our team that provides a visual aggregation of data points of real transactions for 35 products at a global scale (Vitamins, Amino acids and APIs) with the goal to allow users to understand what is happening in the market. Such negotiations that take place in Kemiex are anonymized and processed by our algorithms to build the charts for members to explore as much as they want.

The 35 above-mentioned products are divided into the following categories:

• Amino Acids

  Dl-Methionine, L-Threonine, L-Tryptophan, L-Valine, L-Lysine, Kemiex Amino Acids Index

• Vitamins

  Calcium Pantothenate, Choline Chloride, Vitamin B3, Vitamin A, Vitamin B1, Vitamin B12, Vitamin B2, Vitamin B6, Vitamin B9, Vitamin C, Vitamin D3, Vitamin E, Biotin, Vitamin K3, Kemiex Vitamins Index

• APIs

  Amoxicillin Trihydrate, Doxycycline Hyclate, Oxytetracycline Hydrochloride, Oxytetracycline dihydrate, Kemiex API Index

• Freight rates

  Freightos Global Container Freight Index (FBX), Freightos: East Asia – U.S. West Coast, Freightos: East Asia – Europe North, Freightos: East Asia – U.S. East Coast, Freightos: Europe – South America East, Freightos: Europe – South America West, Freightos: East Asia – Mediterranean

• FX Currency pairs

  USD/CNY, EUR/USD

How to use it?

Since the beginning, we have designed the platform to be as user-friendly as possible, and of course, Price Trends aren’t an exception.

The tool allows comparing as many products simultaneously as you wish (each product will appear in a different colour to facilitate distinction, optimal layout at 5 products). Such comparison can be done by either using the standard time horizons available in the tool (there is a button where you can select 3 Months, 6 Months, 1 Year, Year-To-Date, and Max, which is since Q4 2018) or by dragging the time axis under the chart to analyze a customised temporal horizon.

It is important to mention that these are indexed charts, which means that charts always start at 0 based on the time horizon selected, and the evolution is shown in percentage points, which allows every user to build tailor-made charts according to the needs in each moment. The evolution in percentage helps to understand what happens with that specific product globally, regardless of the specific terms of a transaction.

This is done to facilitate decision-making for all members in Kemiex regardless of their size, complexity, country of origin, or payment terms used. In this way, members can see how the price is evolving to build their own forecasts, without being misled by a USD/EUR price that could be originated from a very different set of terms.

On the right side of the screen, users can see the percentual change since the last price update of each selected product you have selected, which helps to easily see how the price of the products recently evolved.

Last but not least, the tool allows to download of each specific chart in an image file that can be used for internal discussions within the company, or for negotiations with customers and or suppliers. Get more information about the evolutions of each of the relevant products in less time, and download them in one click.

What is the origin of the data shown?

Strategic market data and indexed pricing is based on Kemiex platform activity and related data sources, and our team of analysts contrast the findings with market participants in order to ensure veracity. These data points are solely provided to Kemiex members for informational purposes. Our proprietary data model aims to track historic prices of comparable, global bulk transactions. FBX freight rate indices are licensed products by Freightos, the leading provider of international market rates for 40′ containers (FEUs) collected in cooperation with the Baltic Exchange.

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Disclaimer

Research content and market data by Kemiex AG (“Kemiex”) is for informational purposes and for authorised members of its community only. Kemiex does not take any raw materials positions or stocks and we are committed to provide strategic and balanced market insights to Buyers and Sellers alike. Kemiex does not warrant that its market data reports are accurate or complete and hence, it should not be relied upon as such. The data is subject to change without any prior notice. Opinions expressed herein are our current opinions as on the date of this report. Nothing in this market data reports constitute purchasing, selling, trade, investment, legal, accounting or tax advice or any solicitation, whatsoever. Subscribers / readers assume the entire risk of any use made of this data. Kemiex clearly states that it has no financial liability whatsoever to the subscribers / readers of this report. All rights reserved. Any form of publication, reproduction, copying or disclosure of the content is not permitted.