Current situation:
- Valve prices according to the Producer Price Index were up 0.3% month-over-month in January (up 0.7% last month). On a year-over-year basis, prices were up 2.8% (also up 2.8% last month).
Key factors that could affect supply or price:
- Casting and forging lead times have normalized, and U.S. inventories are back to normal with weaker domestic demand from the energy sector. Price increases are mainly still in effect from 2018. Lead times and pricing should remain stable through Q2 2021.
