- Producer prices for HDPE pipe were up 6.4% M/M (up 0.8% last month) and were up 21.8% Y/Y (up 16.3% Y/Y last month). Plastic pipe fittings and unions were up 2.4% M/M (up 1.7% last month) and were up 9.7% Y/Y (up 8.2% last month).
Key factors that could affect supply or price:
- Overall: The resin market remains tight with export pricing being sky-high, expectations are that it stays that way for the foreseeable future.
- Fittings - Same as last report - inventories and service levels are starting to return to normal, but there is still some work to do. Again, with the winter months coming to an end, demand came down, which helped producers catch up.