Articles Tagged with ''commodity reports''

Steel coil and scrap have started to increase. 

We might see demand increase if oil remains bullish. Currently, demand is weaker than last year and inventories are high. 

The Producer Price Index for copper tube and fittings was up 0.3% month-over-month (down 5.6% in the last update) and was down 16.7% year-over-year (down 16.8% Y/Y last month). 

NYMEX domestic hot-rolled coil steel prices were $500 per ton for July futures ($516 per ton in the last update).  

Overall, demand is very weak, and supply is sufficient. 

NYMEX domestic hot-rolled coil steel prices were $516 per ton for June futures ($480 per ton in the last update).  

Demand is extremely soft due to oil pricing and the pandemic.

Nickel prices have stabilized over the past 30 days to @$5.42 per lb. ($5.41 in the last update).  

The Producer Price Index for copper tube and fittings was down 5.6% month-over-month (down 3.4% in the last update) and was down 16.8% year-over-year (down 9.8% Y/Y last month). 

Producer prices for HDPE pipe down 0.6% M/M (up 1.6% last month) and were down 1.8% Y/Y (down 1.7% Y/Y last month).