Copper tube & fittings report: April 2018
The recent drop in copper likely is a short-term price correction since recently markets have been relatively steady in a time of uncertainty in the world economy fueled by the tariff discussions and political unrest.
Copper inventories are high in Arizona and Utah warehouses; but a possible strike in Chile’s Codelco Norte mine may impact world supplies this summer.
Traders and producers have successfully defended against downward pressure and in the short- term, supply and demand seem to be in balance.
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.