MaterialsXchange

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MaterialsXchange (MX) is an an electronic marketplace for buying and selling raw materials that went live in October 2019. [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 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.

Products and Services

The company implements innovative technology in the digital supply chain for commodity raw materials. 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.