Most PVC markets are announcing seasonal price increases due to increased demand and increased resin costs. Supply still appears strong as most of the manufacturers try to push through another increase. As spring demand increases, one price increase has been firmed up and manufacturers are already working on another. Resin prices have grown slightly, returning to and then surpassing fall levels seen during hurricane season. Currently, resin prices are at a two-year high.
HDPE resin prices continue an upward trend with an increase February and another one scheduled for March. There had been some shortages of resin, but, for the most part, that issue has dissipated with most plants back to normal production. That said, orders for large-diameter pipe are being quoted with June deliveries at this time. A major contributing factor for the overall "hot" market is the oil and gas markets. Pipe producers are hoping for some softening in prices in late spring or early summer.
The American Supply Association (ASA) and its Industrial Piping Division (IPD) is the national organization serving wholesaler-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.