Deliverable format

A benchmark that states what its prices are prices of.

A price means little without its conditions: quantity, specification, channel and date. A pricing benchmark states a comparison basis first, then restates prices to it, and keeps what cannot be restated apart. This page describes that structure and how to read it; nothing on it is a real price or finding.

Comparison basisRange and outliersExcluded offersDated
The question it answers

Is the price I am looking at in line with comparable offers on the same terms?

The benchmark works by narrowing. First the basis is written: the specification, quantity band and channel being compared. Then each collected price is tested for fit with that basis. Prices that fit are restated and shown as a range; prices that do not fit are listed apart with the reason. What you see is the distribution of comparable observations, and not a single figure presented as the market.

Public prices are asking prices. The report says so where it matters, and it does not present them as prices at which deals closed.

Parts of the report

Parts of the report

Basis statement

The specification, quantity band, channel and date of observation that all included prices share.

Collected observations

Each price with its source, date, what it covers and what it leaves out.

Normalisation steps

How each price was brought to the basis, shown step by step.

Range and outliers

The spread of comparable observations, with unusual values flagged and caveated instead of removed.

Not comparable

Offers that differ in ways that cannot be reconciled, with the reason.

Reading notes

What the range can and cannot support, for the decision it was commissioned for.

Kinds of price a benchmark may hold

Kinds of price a benchmark may hold

Each is labelled by kind, because they answer different questions.

List or published price

As shown on a page or price list, dated.

Marketplace price

As shown on a marketplace listing, with the listing conditions noted.

Quoted price

As offered in a quote that you provide, marked client-provided.

Step by step

Using it

01

Check the basis against your own purchase or sale

If you buy at a different quantity or specification, the range shifts.

02

Place your price in the range

Note which end it sits at and what could explain the difference.

03

Read the excluded list

Offers that looked cheap or expensive but were not comparable are named there.

Good to know

What this is, and isn't

Research reports what can be established from public and provided sources. It is not a guarantee about a counterparty's future conduct and not legal advice.

FAQ

Frequently asked questions

Does a benchmark tell me the price I can negotiate?+

No. It shows comparable public observations. Achievable prices depend on your situation and are not promised.

Does it include delivery or duties?+

No. The basis states the term at which prices are compared. Shipping is a separate LATYNEX service.

How current is it?+

Prices are asking prices read at the date of each observation, so the benchmark is a dated reading and not a live figure.

What happens to prices that cannot be compared?+

They are listed apart with the reason, not forced into the range.

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