The resin increase scheduled for October didn’t happen and some are forecasting a slight dip in November.

We expect to see a ~5% increase by mid‐2020 on the back of projected steel scrap increases.

Inventory levels are strong, supporting current demand and lead time requirements. No price increases expected through 2019.

Price and lead times will remain flat into 1Q20. Forged steel fitting demand has softened YoY.

The producer price index for copper tube and fittings was up 3.3% month‐over‐month (down 2.4% in the last update) and was down 3.3% year-over‐year (down 4.5% Y/Y last month).

Typical year-end slowing is expected to occur over the next few months.

Pricing remains roughly 15% above 2018 escalation pricing.  We do not expect any additional price increases through Q2 2020.

Nickel prices have increased again over the past 30 days to around $7.71 per lb. (also $7.71 in the last update).

Valve prices according to the Producer Price Index were flat again month-over-month in August (flat last month, also).

Producer prices for HDPE pipe were down .5% M/M (down 1.2% last month) and were down 3.2% Y/Y (down 2.3% Y/Y last month).