A third round of tariffs did take effect and a 10% duty was applied to certain materials from China as expected. A combination of steady demand and increased tariff risk has pushed valve prices higher.
There has been a substantial increase in prices thus far. The Producer Price Index for metal valves hit 172.2, an all-time high in November. That was 8 points higher than last year when the index was 164.2, a 4.8% increase.
Tariff-related price spikes have also been noted. Many of the valve categories have now been affected, but a few categories were granted exemptions. Thus far about 75% of requested exemptions have been granted. Despite this, domestic commercial valve prices continue to be elevated.
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.