Valve prices according to the Producer Price Index were up .2% month-over-month in November (up .3% M/M last month).

Nickel prices have fallen over the past 30 days to @$6.14 per lb. ($6.80 in the last update).

Producer prices for HDPE pipe were down 0.7% M/M (down 0.1% last month) and were down 4.5% Y/Y (down 3.5% Y/Y last month).

Inventory levels are strong, supporting current demand and lead time requirements

Steelmakers expect mill products to rise ~10% in Q1 2020 along with a larger increase in scrap.

A new trade case has been opened against India and Korea on imported A105 fittings.

The producer price index for copper tube and fittings was down 0.1% month-over-month (up 3.3% in the last update) and was down 3.3% year-over-year (also down 3.3% Y/Y last month).

As 2019 comes to a close the market is rather quiet on both the customer and vendor sides of the equation.

Valve prices according to the Producer Price Index were up 0.3% month‐over‐month in October (flat last month). On a year‐over‐year basis, prices were up 2.3% (up 2.8% last month).

Nickel prices have fallen over the past 30 days to @$6.80 per lb. ($7.71 in the last update).