Articles Tagged with ''commodity reports''

Expect a 6-8% increase if raw materials continue to escalate

Steel prices have increased 100% in the past five months. 

NYMEX domestic hot-rolled coil steel prices were $885 per ton for December futures ($715 per ton in the last update).  

Overall industrial activity is picking up with inventory and available supply remaining sufficient to meet demand.

Nickel prices have risen over the past 30 days to @$7.85 per lb. ($7.12 in the last update). 

The Producer Price Index for copper tube and fittings was up 5.8% month-over-month (down 2.8% in the last update) and was up 10% year-over-year (up 2.2% Y/Y last month). 

Producer prices for HDPE pipe were up 3.5% M/M (up 3.3% last month) and were up 13.5% Y/Y (up 9.2% Y/Y last month).  

Valve prices, according to the Producer Price Index, were down 0.5% month-over-month in November (up 0.7% last month). 

No change: Demand has increased as projects have released across vertical markets. 

We might see demand increase if COVID worries lift and travel starts to get back to 2019 levels boosting oil production once again.