Articles Tagged with ''commodity reports''

Input prices into stainless PFF are mixed. LME nickel inventories hit 6-year lows again in May at just below 165,470 tons (179,000 in the last update), a continued downward trend.  Spot nickel prices were trading in the $5.41/lb. range in mid-May ($5.87 in the last update).

Producer prices for HDPE pipe were down -.6% M/M (.4% last month) and were down -.7% Y/Y (up .4% Y/Y last month).  Plastic pipe fittings and unions were down -.6% M/M (.6% last month) and up 5.4% Y/Y (up 7.6% last month).

rooved products will experience second-quarter increase up to 8% driven by cumulative operational costs.

The producer price index for copper tube and fittings was up 1.2% month-over-month (up 3.7% in the last update), but was down -2.5% year-over-year.

Current situation: Valve prices, according to the Producer Price Index, were unchanged month-over-month in April. On a year-over-year basis, prices were up 3.3%.

In general, strong distributor inventories combined with substantial market uncertainty have created moderate demand softening. Domestic manufacturers see a flat near-term future.

The two major influences on industrial valves, oil and gas and automotive, are experiencing a softening.

US stainless-steel output likely increased by 50,000 tons to 2.85 million tons in 2018.

Resin pricing is stable to slightly soft and should remain that way over the next 30-60 days.