Copper has steadily decreased from a high of $4.6495 in 2012 to a low of $1.9355 in Jan. 2016. But since July 14, there has been a surge in copper pricing that later stalled and then picked up some steam on July 25 in response to positive job growth in the U.S. However, it’s reasonable to anticipate further stalling in the market as U.S. stockpiles are at their highest in more 10 years. If and when the Trump administration’s infrastructure spending appears, then expect copper pricing to rise.
Worth noting is output from Freeman’s Indonesia mines is short of expectations, and Indonesian government agreements on these troubled mines expire in October. Comex copper continues to increase, partially due to a weak dollar and adjustments in China’s short-term forecast. In addition, uncertainty and unrest suggest continued upward trend on the Comex.
The American Supply Association and its Industrial Piping Division is the national organization serving wholesale distributors and their suppliers in the industrial and mechanical pipe-valve-fitting industry. As a powerful alliance of channel partners, we provide a forum for your upstream trading partners to exchange critical information and address key issues.
In particular, ASA’s IPD members constantly check the pulse of the materials and commodities they proudly supply to you. ASA’s IPD members are knowledgeable industry leaders, and those who volunteer their service on the IPD Executive Council compile and prepare the IPD Commodity Reports. The reports contain some of the most current and qualified market data and information available from the industry’s leading manufacturers and distributors about emerging trends and other price-influencing actions and events.
This information is an example of how ASA’s IPD manufacturer and distributor members are constantly looking ahead to ensure you have information and resources you need to be successful. Learn more at www.AdvanceYourAbility.com.