01 Automotive ferrous metal quotations: the pillar
Ferrous metals, mainly steel, form the backbone of an automobile body. Their strength, ductility and relatively low cost make them ideal for this application. However, fluctuations in steel prices, influenced by factors such as global demand, energy costs and trade policies, can have a significant impact on carmakers' profit margins.
02 Automotive non-ferrous metal quotation: the importance of electronics
Non-ferrous metals such as Copper, Aluminium, Nickel and Magnesium play a crucial role in numerous vehicle components. Copper is essential for electrical circuits, Aluminium for lightening weight and improving energy efficiency, Nickel for electric vehicle batteries and Magnesium for light alloys. The prices of these metals are influenced by a combination of factors, including demand from other industries, geopolitical tensions and technological advances.
03 Plastic quotation
Plastic, an extremely versatile polymeric material, is ubiquitous in the automotive industry. It is used for a wide range of components, from bumpers to interior panels, and offers numerous advantages in terms of weight, formability and cost. However, the production of plastic is closely linked to the price of oil, the main raw material used in its synthesis. In addition, environmental concerns related to plastic pollution are pushing car manufacturers to explore more sustainable alternatives.
FT Mercati 's automotive commodity quotation service is essential for all carmakers who need to navigate a complex and dynamic market, adopting flexible and innovative strategies to ensure their competitiveness. The ability to manage the risks associated with price volatility and promote sustainability will be crucial to the future of the sector.