Are You Seeing Prices Decline?

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Dockmaster

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At my work we buy thousands of tons (not a typo) of steel, aluminum and other similar items. Over the past two months we have seen consistent declines in prices for steel, aluminum and copper. We are also seeing declines in a few manufactured goods but not near as much as with the base materials. Hoping to start seeing more across the board prices retreating and improved availabilities. 

What are you seeing?

 
Dockmaster said:
At my work we buy thousands of tons (not a typo) of steel, aluminum and other similar items. Over the past two months we have seen consistent declines in prices for steel, aluminum and copper. We are also seeing declines in a few manufactured goods but not near as much as with the base materials. Hoping to start seeing more across the board prices retreating and improved availabilities. 

What are you seeing?
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Eff no. I manufacture stainless steel items.

Every single piece of material, gas, hazmat service/equipment, and consumables continue to go up

 
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We are no where near that kind of volume...  we have seen a slight decrease in raw material (which is bringing out annual PO's back down a bit), but lead times & material availability on some stuff is still kinda nuts.  We were just notified that one of our suppliers cant get Kovar (and now they are completely out of raw stock).  WTF????  We also have a vendor that makes Nylon fittings for us.  they cant get the Nylon (or Kynar) to make these fittings.......... we are using Stainless steel @ a X10 cost hit......... :(

 
Aluminum has been dropping the most. About 6% each month over last two months. Still has a long way to go to get back to any sense of normal.

 
Sausage450r said:
Eff no. I manufacture stainless steel items.

Every single piece of material, gas, hazmat service/equipment, and consumables continue to go up
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anything with Nickel in it's base materiel is still seeing increases.. major suppliers are (china,russia/ukraine)... you do the math.. Primarily we can thank the EPA, and unions/aka demoncrats for driving the bulk of our industrial core out of this country.. It's simply too expensive to operate in/with that environment.. Look at California as an example, companies and population leaving in droves to escape the idiocracy. However, Gruesome is being tossed as the next POTUS candidate.. If America drinks that koolaide nationally.. we might as well fall on our sword..

 
Dockmaster said:
Aluminum has been dropping the most. About 6% each month over last two months. Still has a long way to go to get back to any sense of normal.
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Prices were up because the mill employees have been on strike. Particularly ATI

 
Waiting for the "crash" and "fire sales" as we are trying to upgrade to a pusher but still no drop. Older Monaco's and HR are still 100k+ I don't want the new junk but no luck for the 2007-2010 year range. hint hint if any GD members are selling. 

 
Customers in my industry are double buying... that means once the allocation ends I'll pick up allocated stock (then in the future suprlus) for pennies on the dollar.. rinse and repeat.

Will be interesting.

abc

 
Decline?  Nope.  Seeing some stabilization, but I think the ship has sailed on prices falling without a major recession/reset.

 
Price increase of 8.5% starting august 1st

product us still 3-9 months out

 
Rockwood said:
Kinda necessary though.  We've had basically free money for a couple of decades now.  Only so long you can binge drink and solve tomorrow's hangover with more drinking. :biggrin:
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Great analogy 

 
im in printing and mailing. prices on paper keep going up and supply is still short. i used to order envelopes around a million at a time, now im lucky to get 300k for an order, also the quality is down, they now make the envelopes with 20lb paper not 24lb paper. i used to also have a custom color envelope and i cant get that anymore. i know larger companies that have had to turn down work because they cant get the supplies. i have had days i could not work because im waiting on my envelope order to show up.

just reordered my custom paper yesterday and the price has gone up again. with even a longer lead time now, again quality is down i have to go up to a high pound more expensive paper (24lb) just to get the quality i used to get at the lower pound (20lb). even on my plain copy paper, i order a pallet a month and every month the price has gone up. i have had to switch brands a few time because of availability. some brands do not work well with my machines. 

then the post office just raised the rates again, this time alot and they raised the rates on bulk mail this is the biggest jump in price i have seen in the 12 years i have been doing this. normally bulk mail rates only go up a half a cent, this time it was 3 cents. the first class stamp only went up 2 cents but bulk mailers saw almost everything go up 3-5 cents and then even more on larger pieces. second ounce price went up 8 cents. then priority mail went up alot as well as zone based pricing that they charge. that might seam like much but in my industry profit margins are small and all these increases make it harder. we are a very small company and still spend about 1.3 million a year with the post office, those increases really add up. 

be nice once the prices go back down but i dont see that happening any time soon for me. 

 
im on the grocery supply side, nothings going down, products are super hard to come by.

wet pet food, pasta, water, gatorade, dry pet food, etc. are all out. many of our mfg's can't/won't keep up, 

covid is still prevalent in our warehouses, we just had an outbreak and had like 30 people out for a week.

we have 275 selectors on hand, pulling upwards of sometimes 250k cases a day, losing 30 hurts

 
Sean@Weddle said:
No comment.
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Luckily when i had to buy a 091 ring pinion it wasnt that bad but my concern was it being in stock.Sucked breaking it first trip of season last october but was back in action by new years.

 
zilla68 said:
im on the grocery supply side, nothings going down, products are super hard to come by.

wet pet food, pasta, water, gatorade, dry pet food, etc. are all out. many of our mfg's can't/won't keep up, 

covid is still prevalent in our warehouses, we just had an outbreak and had like 30 people out for a week.

we have 275 selectors on hand, pulling upwards of sometimes 250k cases a day, losing 30 hurts
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Reminds me I need to add to my 'supply' of goods... have a pallet from Patriot Supply, now need to up my grocery game,.. just in case.

abc

 
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