Current situation:
- Valve prices according to the Producer Price Index were up 0.4% month-over-month in May (up 0.4% last month also). On a year-over-year basis, prices were up 4.1% (up 3.9% last month).
Key factors that could affect supply or price:
- Market demand remains stable in energy for industrial valves. Extended lead times should continue through 4Q19 as Section 301 tariffs create a supply constraint on Chinese castings and forgings. Price has increased commensurate to the tariffs imposed on China.
