This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
This Website Uses Cookies By closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.
Copper Tube & Fittings: December 2019
November 29, 2019
Current situation:
The producer price index for copper tube and fittings was down 0.1% month-over-month (up 3.3% in the last update) and was down 3.3% year-over-year (also down 3.3% Y/Y last month).
Prices (lb): 1 year ago - $2.77; 6 months ago - $2.65; 30 days ago - $2.64; recently $2.78
Key factors that could affect supply or price:
Copper moved to a 7-month peak yesterday but has fallen back today to $2.76. Driving the increase has been rhetoric from the Trump administration about the China trade agreement and the extraordinary jobs report last Friday. Copper futures are rising but for pricing to go up next year more mining had to take place. Reports that capital expenditures in mines are the lowest in 20 years. Based on what they see now there should be a continuing move upwards in pricing reaching $3.00 by mid-year.
Report Abusive Comment