Expana to launch Eastern European Glass Indexes

Following a period of feedback, Expana has decided to launch five monthly Expana Benchmark Prices (EBP) for the Eastern European glass markets. The publication of the new assessments will start from Monday, September 30, 2024.

The initial proposal was announced in a market note published on Thursday, August 29, 2024, which can be viewed here.

The specifications for the assessments will be as below:

The assessments will reflect the transactable value at 16:00:00 London time.

Container glass is widely used and highly sustainable, and the new assessments will bring transparency to the Eastern European market, where glass containers are increasingly traded in large volumes and over one-third of Europe’s glass container production takes place. Glass production in Eastern Europe caters for robust demand from regional and international vineyards and breweries, as well as food packaging companies, and the assessments will bring clarity to pricing in the region. The assessments will complement Expana’s existing container glass coverage for the UK and Western Europe and give Expana’s subscribers a comprehensive view of input costs for the Eastern European glass markets.

The index assessments will use a basket of underlying prices, based on a typical blend of costs for glass manufacturing to provide a reference price for the manufacturing cost of glass containers.

The assessments will be rounded to the nearest Euro cent using the rule that decimals of four (4) or less round down, and decimals of five (5) or above round up, e.g. €1.744 will be rounded to €1.74, and €1.755 will be rounded to €1.76.

Please send any questions or comments about this market note to [email protected] and clearly state which market note your comments relate to, and if the comments are intended for publication by Expana.

Expana will acknowledge receipt of all comments by email.