Benchmarks

Benchmark is a medium price for a material, which is based on real transactions through PINPOOLS platform. 

Having access to Benchmark information gives a lot of advantages, such as: 
- better transparency of the market 
- real data and helps to understand profitable timing for going on market 

There are two ways to check benchmarks on the platform: Benchmarks tab and Potential Savings Tracker. 
 

Benchmarks tab 

Here users can check available benchmarks, read Forecasts and News for particular materials. 

Section Main. Searching Benchmarks  
 
Step 1. Insert Product Name or CAS number or use filters to select Category and Group. 
Step 2. Choose the benchmark you need in the list and click it. 

Step 3. Check material profile with the following sections: 
- rating (green, yellow or red emoji) depends on number of processed transactions; 

- add to Favourites

- set an alarm This function notifies users about price changes over some time period.To  activate it, users should mention value in percentage and select a time period (1 day, a week or 1 month) 

Click the empty box on the left from the material name to see a graph. 

Control the graph by using such Filers as Quantities, Country of Origin, Place of Delivery and Packaging.  
 
There are also additional functions for users` convenience: 

1. Click this button to download the graph in different formats.
2. Select the time period. 

     3. Choose a few materials to be shown within the same graph.

Click material names below the graph to hide and unhide graphs for the materials.

     4. View or download information from the graph as Table.

 
On Benchmark tab, there are also sections Forecasts and News.  

In Forecasts section users can find forecasts for 3 and 6 months with detailed explanation and data source.  

In News section users can find relevant updates per material. News consists of Intro information, Details, Reactions, Conclusions, Force Majeure/Plans Shutdowns, Data Source and Data source url. 

 

Potential Savings Tracker 

Check needed benchmarks and suppliers who can offer the materials you need. Go to Create Request tab and select Potential Savings Tracker.  

After selecting or inserting needed materials, the system provides information about the medium price and amount of available benchmarks. There is also a list of suppliers whose offers were included into benchmark calculation.  

More information about using Potential Savings Tracker can be found here: Article `Potential Savings Tracker` .