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

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.

As part of this agreement, ASA will monitor and advise HARDI and its government affairs team when issues of critical concern are being debated and how best the association and its members can impact the discussion.  

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