Current situation:

• The Producer Price Index for copper tube and fittings were down 3.4% month-over-month (down 0.4% in the last update) and was down 9.8% year-over-year (down 3.0% Y/Y last month). 
   
• Copper closed April 17 at $2.34 ($2.48 last month).
   

Key factors that could affect supply or price:

• The situation remains fluid and probably will remain so for the next several weeks. Stock market volatility continues and could be a signal of what may continue to await us in the coming weeks and months.