It is something of a stretch for me to go from selling audio visual supplies to watching the commodity markets. Unfortunately, volatility in the base components of everything we sell means that this vital information just can’t be ignored.
Between the price of the petroleum derivatives in tape adhesives and the cost of trucking these very heavy products, the cost of oil impacts the cost of every kind of tape we sell. There has been some short term moderation in the price of a barrel of oil, so we are hoping that our suppliers can hold the line a little longer. It is hard to connect the price of filling up your car with what you pay for a roll of gaffers tape, but the connection is real.
After peaking at $4.00 a pound in April, the price of copper is down about 10%, closing at just over $3.60 earlier in the week. As our cable business expands, the cost of the most important, and heaviest component, in an extension cord or speaker cable has forced suppliers to raise prices several times this year. Maybe those increases are over for a little while. Hopefully, this decrease in will help battery makers hold the line as well
Unfortunately, it seems like what one market gives back, another takes away. Dow Chemical’s announcement that it will raise chemical prices by up to 20%, effective this month, is going to impact much of we sell. Tape adhesive resins, battery components and cable jackets all have chemical components, and even if Dow isn’t the supplier, most other major suppliers are sure to follow.
We are grateful to our loyal customers and will do all we can to work with major suppliers to address pricing pressure.
GoodBuyGuys.com is your online source for Shurtape gaffers tape, Duracell Procell batteries, MagLite flashlights, Nashua duct tape, Bay State wire ties, Electratrac and Coast Wire extension cords , OnStage Stand mic stands and quality speaker cables.
