Difference between revisions of "MaterialsXchange"

From MarketsWiki
Jump to: navigation, search
(Products and Services)
(History)
Line 28: Line 28:
  
 
== History ==
 
== History ==
The inaugural transaction on MaterialsXchange 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.  
+
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.  
  
 
Founders say the the launch of the MX platform marked the beginning of a more efficient era for commodity materials markets. Historically, these markets have been impeded by a lack of price transparency and an inefficient “call around” structure.
 
Founders say the the launch of the MX platform marked the beginning of a more efficient era for commodity materials markets. Historically, these markets have been impeded by a lack of price transparency and an inefficient “call around” structure.

Revision as of 11:58, 11 December 2019

'

MaterialsXchange (MX) is an an electronic marketplace for buying and selling raw materials that went live in October 2019. The first listings on MX were wood products, specifically Oriented Strand Board, European Spruce lumber and Southern Yellow Pine lumber. [1]


History

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.

Founders say the the launch of the MX platform marked the beginning of a more efficient era for commodity materials markets. Historically, these markets have been impeded by a lack of price transparency and an inefficient “call around” structure.

Products and Services

The company seeks to foster the evolution of commerce in commodity raw materials by implementing innovative technology in the digital supply chain. MX’s platform empowers its users by creating efficient transactions and real-time pricing for all market participants.

Key People

References

  1. MaterialsXchange Launches with First Raw Materials Transaction. MaterialsXchange via Businesswire.