Manufacturing
Driven by automated no-code forecasting, detect market trend shifts in advance with improved forecast accuracy.
Time taken to
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relevant indicators
Relevant
leading
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MAPE
forecast
accuracy
PVC is derived from petrochemicals, and its production heavily relies on the availability and cost of crude oil and its derivatives. West Texas Intermediate (WTI) is one of the most widely used benchmarks for crude oil prices in the United States. Changes in WTI crude oil prices can significantly impact the cost of PVC production, as it is an essential raw material in the process.
Futures contracts, such as the DCE (Dalian Commodity Exchange) PVC Continuous contract in China, are actively traded financial instruments that reflect market participants' expectations of future PVC prices. These contracts are based on the supply and demand dynamics in the PVC market, incorporating factors like production, consumption, and external influences.
This variable provides a direct and specific price point for PVC in the form of cost and freight (C&F) rates from Far East Asia to the United States, denominated in U.S. dollars per metric tonne. As such, it represents the actual market price of PVC in a particular trade route, making it an immediate reference for PVC pricing.
Use cases
Indicio provides you with a clearer understanding of your future demand by identifying your relevant market drivers, to ensure you successfully plan your production more effectively and avoid overproduction or underproduction.
Optimize production by improving forecast accuracyConstruction machinery typically has long product lifecycles, making accurate forecasting essential for planning production and inventory management. By improving forecasting accuracy, manufacturers can better anticipate market demand for specific machinery types, plan for product updates or replacements, and avoid excessive inventory of outdated models.
Detect market trend shifts ahead of timeAnticipate market trends and assess the demand for new technologies, and make informed decisions about research and development investments, product diversification, and production capacity.
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We cover the key leading indicators for a scope of industries ranging from industry to commodities.
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We are an automated forecasting software that bridges the latest statistical models from academia with the specific leading indicators in an organization's market environment. Helping your organization achieve the highest forecast accuracy.
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