Articles Tagged with ''commodity reports''

Valve prices according to the Producer Price Index were up 0.6% month-over-month in July (up 0.2% last month).

The market pricing has remained strong as material availability is still spotty on items. Domestic raw materials remain in short supply with extended lead times.

Producer prices for HDPE pipe were up 8.1% M/M (up 3.7% last month) and were up 58.1% Y/Y (up 48.5% Y/Y last month).

Inventory levels are stable and keeping pace with current demand, as we see in some of the producer prices.

Steel prices are at an all-time high. We have seen a 14% increase already this year (malleable iron and welded nipples) with another 7% expected in Q3 2021.

Expect a 10-12% increase if raw materials continue to escalate.

The producer price index for copper tube and fittings was down 2.8% month-over-month (up 19.0% in the last update), but they were up 85.8% year-over-year (up 98.9% Y/Y last month).

Producer prices for steel pipe and tube were up 9.0% month-over-month in July (up 4.0% last month) and are still near the highest on record.

Pricing continues to surge on all commodities and raw material availability remains a concern.

NYMEX domestic hot-rolled coil steel prices (CRU-HRCU1) were $1,745 per ton in July ($1,660 per ton in the last update).