Fluctuations in the price of copper have a direct impact on the value of an electrical distributor's inventory, and changing prices of other key materials such as steel, aluminum and zinc have their own effects on prices in the market.
The National Electrical Manufacturers Association (NEMA) said it welcomes progress in trade negotiations to modernize the North American Free Trade Agreement (NAFTA) and urged the U.S. Trade Representative (USTR) to pursue consensus among the...
Price increases are rolling through the channels for electrical equipment and construction materials of all kinds. This is the time for distributors to take a look at the effects on their profitability and the outlook for projects in their markets.
This past Friday, inventories stood at 576,782 metric tons and Comex copper closed the week at $2.6490. Thus, inventories fell 325,036 metric tons, or 36%, and the price fell 37¢, or 12% -- closer to bear market territory.
The Copper Journal's John Gross says over the past 40 years or so, the spread inverted a number of times, often coinciding with higher copper prices, but it would be a stretch to say there was a consistent relationship each and every time.