The first listings on MaterialsXchange (MX) were wood products, specifically Oriented Strand Board, European Spruce lumber and Southern Yellow Pine lumber. The inaugural transaction on MX matched Binderholz Timber Inc. (a seller) with Hart Lumber a (buyer) for a first-ever deal between the two and consisted of a full truckload of 2x4 Euro Spruce from the Port of Houston.
launched the MX platform as a way to improve efficiency in the commodity materials markets. Historically, these markets have been impeded by a lack of price transparency and an inefficient “call around” structure.
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