Current situation:

  • The Producer Price Index for copper tube and fittings was down 0.4% month-over-month (up 1.4% in the last update) and was down 3.0% year-over-year (also down 1.1% Y/Y last month). 
  • Copper closed March 12 at $2.48, the lowest since November 16, 2016.  Copper opened March 13 at $2.52.  


Key factors that could affect supply or price:

  • Here’s what you need to know, the situation is fluid and probably will remain so for the next several weeks, you only have to look at the volatility of the stock market over the past week to get a sense of what may await us in coming weeks and months.