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You are using an out of date browser. It may not display this or other websites correctly.You should upgrade or use an alternative browser. Romex prices falling?

• Thread starter James L
• Start date Aug 13, 2021

Status Not open for further replies.

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James L

Senior Member

Location Kansas Cty, Mo, USA Occupation Electrician I just stopped at Home Depot for a few items, and I happened to take a look at the prices of Romex. Both 12/2 + 14/2 are down 10% 12/2 went from $160 to $144 14/2 went from $120 to $108 This seems to conflict with the forecast I had been seeing that prices would continue to rise into next year

LarryFine

Master Electrician Electric Contractor Richmond VA

Location Henrico County, VA Occupation Electrical Contractor

James L said: I just stopped at Home Depot for a few items, and I happened to take a look at the prices of Romex. Both 12/2 + 14/2 are down 10% 12/2 went from $160 to $144 14/2 went from $120 to $108 This seems to conflict with the forecast I had been seeing that prices would continue to rise into next year Click to expand...

That's great news. They were still $160 and $120 here just yesterday.

Little Bill

Moderator

Staff member Location Tennessee NEC:2017 Occupation Semi-Retired Electrician Big Blue hasn't followed suit yet! T

Todd0x1

Senior Member

Location CA Nice. I hope cord products fall. I was paying low $3.00 for UL 6/4 and now its right under $5.00.

Buck Parrish

Senior Member

Location NC & IN Somebody was telling me that Romex prices were high because a factory that makes the chemicals for the outer insulation caught fire in Houston last year. I didn't care to get much detail. As I am in non believer mode most of the time. Has any body else heard that ? Or is it because of fuel prices ?

K8MHZ

Senior Member

Location Michigan. It's a beautiful peninsula, I've looked Occupation Electrician

Buck Parrish said: As I am in non believer mode most of the time. Click to expand...

99 percent of the time for me.

LarryFine

Master Electrician Electric Contractor Richmond VA

Location Henrico County, VA Occupation Electrical Contractor

Buck Parrish said: Somebody was telling me that Romex prices were high because a factory that makes the chemicals for the outer insulation caught fire in Houston last year. Click to expand...

How does raising the price compensate for that?

ptonsparky

Tom

Location NE (9.06 miles @5.9 Degrees from Winged Horses) Occupation EC - retired

LarryFine said: How does raising the price compensate for that? Click to expand...

Demand raises the prices, or at least that is what we were told back in Jr High. IDR being taught that greed or similar factors worked into pricing structure.

goldstar

Senior Member

Location New Jersey Occupation Electrical Contractor Retail prices generally go up quickly in anticipation of wholesale prices rising. However, I would guess the big box stores will probably deplete their stock to the lowest possible levels in order to get the highest profit margins before lowering their prices. I know it's a hassle to constantly check prices for a common commodity like wire, but I would check with your local supply houses before making a wire purchase. They may just be a few $$ cheaper.

Little Bill

Moderator

Staff member Location Tennessee NEC:2017 Occupation Semi-Retired Electrician

Buck Parrish said: Somebody was telling me that Romex prices were high because a factory that makes the chemicals for the outer insulation caught fire in Houston last year. I didn't care to get much detail. As I am in non believer mode most of the time. Has any body else heard that ? Or is it because of fuel prices ? Click to expand...

There is a plant in Texas that makes most, if not all, the resin for plastics, PVC, etc. It got damaged from the hurricane last year and that got them behind. Throw in "Covid" and got them even further behind. Then on top of that, the ice storm last winter that caused the power outage, got them even further in the hole. That is the sheathing part of the story, copper going up is the rest. R

RumRunner

Senior Member

Location SCV Ca, USA Occupation Retired EE

Strike action intensifies at Chile's Andina copper mine | Argus Media

Workers at another union at Chilean copper producer Codelco's Andina mine went on strike at 8am local time (12:00 GMT) yesterday, following the Unified Workers' Union and Industrial Union of Labour Integration <a target="_blank"... www.argusmedia.com Hold on to your horses! The world's largest copper mines (Chile) that supply copper concentrates and cathodes worldwide are on strike. This labor strife that was the precursor to computer chip shortage that started last month-- that curtailed automobile production in Europe may now extend to copper wire and other building materials that rely on copper. My investment adviser sent me an email today that three miners' union in Chile voted to go on strike. He did say that he is hoping this will be resolved before devastating shortages affect us all. I'll keep my fingers crossed.

James L

Senior Member

Location Kansas Cty, Mo, USA Occupation Electrician

myspark said:

Strike action intensifies at Chile's Andina copper mine | Argus Media

Workers at another union at Chilean copper producer Codelco's Andina mine went on strike at 8am local time (12:00 GMT) yesterday, following the Unified Workers' Union and Industrial Union of Labour Integration <a target="_blank"... www.argusmedia.com Hold on to your horses! The world's largest copper mines (Chile) that supply copper concentrates and cathodes worldwide are on strike. This labor strife that was the precursor to computer chip shortage that started last month-- that curtailed automobile production in Europe may now extend to copper wire and other building materials that rely on copper. My investment adviser sent me an email today that three miners' union in Chile voted to go on strike. He did say that he is hoping this will be resolved before devastating shortages affect us all. I'll keep my fingers crossed. Click to expand...

There's a lot of copper in Peru also, where they just elected a borderline Communist. Who knows what that could do to supply? That's one of the reasons I was surprised by a price drop A

AC\DC

Senior Member

Location Florence,Oregon,Lane Occupation EC Thanks for that info time to stock back up R

RumRunner

Senior Member

Location SCV Ca, USA Occupation Retired EE

James L said: There's a lot of copper in Peru also, where they just elected a borderline Communist. Who knows what that could do to supply? That's one of the reasons I was surprised by a price drop Click to expand...

Peru's output is not even half of Chile's. Arizona is even bigger than Peru. Look it up.

James L

Senior Member

Location Kansas Cty, Mo, USA Occupation Electrician

myspark said: Peru's output is not even half of Chile's. Click to expand...

I know that. And I have looked it up. Peru is still the world's 2nd largest producer of copper. It could create quite the wrinkle if things were to go awry

James L

Senior Member

Location Kansas Cty, Mo, USA Occupation Electrician

Top five copper mining countries in the world by 2020 production

Two South American countries dominate global copper mining activities as demand for the metal is expected to grow significantly in the coming years. www.nsenergybusiness.com R

RumRunner

Senior Member

Location SCV Ca, USA Occupation Retired EE Peru is #6 according to commodities prime metal supplier. Look it up again. Those links I know . . .I get them all the time. V

VirutalElectrician

Senior Member

Location Mpls, MN Occupation Sparky - Trying to be retired Copper demand is expected to exceed supply for the next decade. That's how long it's going to take to bring new copper mines into production. China consumption is currently falling because their economy is cooling off. However the large US infrastructure bill is going to such up lots of copper. You're obviously going to see price fluctuations, but I'm guessing $60 a roll for 12/2 is long gone.

Poweranytime

FL EC

Location Nature coast Fl Occupation Master EC I was told by my supplier that anything plastic was increased due to the resins that we use to make our American made conduit with "global products" hence $8 for a stick of 3/4" pvc. NM did go up drastically however xhhw stayed relatively the same. All of these countries that make our products or commodities are still in lockdowns and are barely making anything Cutler hammer back orders are infinite R

retirede

Senior Member

Location Illinois

VirutalElectrician said: China consumption is currently falling because their economy is cooling off. Click to expand...

While Chinese imports of copper have slowed drastically, their consumption is not falling. The “cooling off” of the Chinese economy simply means growth is down to the mid single digits, off from the recent historic average of 10-15%. That’s if one can believe the numbers being provided by the CCP! China are currently relying on domestic supply and draw down of stockpiles to avoid importing at current prices. They can only do that for so long.

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