Valves report: April 2018
“Residential/Commercial” valve bullets from Apollo, reflecting metrics through the end of March 2018 unless otherwise noted:
- Commodity metal costs remain steady/high. Copper averaged $3.07/ lb. in March. Steel, zinc and nickel all are up sharply for the year.
- The round of valve price increases that commenced in January 2018 are mostly now implemented, though we do continue to see price-increase activity from some late followers.
- Market outlook remains steady. Construction spending (February report): Residential up 0.1% over January and up +5.4% YoY. Commercial (building) construction was up 1.2% over January & up 5.6% YoY.
- The first round of U.S. announced import tariffs affecting import (Chinese) steel / stainless and aluminum products already has resulted in price increases on some import fasteners and raw materials. We are monitoring the situation at this point.
A subsequent Section 301 Notice of Determination press release proposes to expand import duties to a much wider list of products, including finished valves.
https://ustr.gov/sites/default/files/files/Press/Releases/301FRN.pdf Needless to say we are watching this closely as well.
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.