The prices of 6 of the 7 raw materials that we track rose as follows this calendar year:
Aluminum: Up 65% from March 2009
Brass: Up 76% from March 2009
Copper: Up 87% from March 2009
Nickel: Up 71% from March 2009
Stainless: up 44% from March 2009
Steel, Busheling: Up 114% from March 2009
China Coke: Down 8% from March 2009
They may not call it inflation - YET, but 6 of 7 crucial raw materials we track are up ranging
from 44% to 114%. In addition to the fundamentals in our local markets, there are global
issues that add more risk and thus price variability to our industry’s raw materials.
We expect to see freight prices climb as fuel prices escalate this summer, and urge all
companies to watch pricing developments closely. See PMPA's blog for details of the
manufacturing V-shaped recovery.