Articles Tagged with ''commodity reports''

CS fitting and flange supply chain disruptions are intensifying. 

Nickel prices have rebounded over the past 30 days to @$8.45 per lb. ($7.85 in the last update).  

The Producer Price Index for copper tube and fittings was up 19% month-over-month (up 4.7% in the last update) and was up 98.9% year-over-year (up 70.9% Y/Y last month). 

Producer prices for HDPE pipe were up 3.7% M/M (up 4.1% last month) and were up 48.5% Y/Y (up 40.5% Y/Y last month).  

Valve prices, according to the Producer Price Index, were up 0.2% month-over-month in June (up 0.7% last month). 

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

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

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.  

NYMEX domestic hot-rolled coil steel prices (CRU) were $1,660 per ton in June ($1,488 per ton in the last update).  

Demand remains strong as end users continue to work through backlogs.