WHERE THE BEST ARE BUILT
| MARKET UPDATE APRIL 2024
• Although Galvanized prices have seen some ups and downs in recent months, it appears to have stabilized.
• Other sheet metal prices have been stable. Stainless and Aluminum are close to where they were three (3) months back.
• Use caution as equipment prices do not seem to follow the trend of the commodities. Equipment pricing has not seen any relief.
• Most major equipment lead times continue to see improvement, yet overall we have seen products go in both directions.
• It is recommended to release long lead items as early as possible. At the very least, call to confirm before setting the schedule.
Rich Mouradian VP / Business Development
t. 781.953.0318
e. rmouradian@coxeng.com
Stephanie Wickman Estimating Coordinator
t. 781.807.0427
e. swickman@coxeng.com
| SUMMARY
| SELECT EQUIPMENT & MATERIAL LEAD TIMES
(Lead
WWW.COXENGINEERING.COM LEAD TIMES TRENDS AHUs Custom AHUs 18-45 weeks Packaged AHUs 4-38 weeks Modular Catalogue AHU 12-58 weeks Make-Up Air Units 4-35 weeks ERUs 2-35 weeks FANS General Fans 5-25 weeks Lab Fans 14-30 weeks TERMINAL UNITS VAV Boxes 4-7 weeks Fan Powered Boxes 4-8 weeks Heat Pumps 6-20 weeks Fan Coil Units 4-20 weeks Computer Room A/C Units (CRAC) 10-50 weeks Unit & Cabinet Heaters 4-10 weeks
Delays Trending Up Delays Trending Down Remaining Stable
times
are based on approved submittal release.)
| SELECT EQUIPMENT & MATERIAL LEAD TIMES
(Lead times are based on approved submittal release.)
WWW.COXENGINEERING.COM
LEAD TIMES TRENDS HYDRONIC EQUIPMENT Air Cooled Chillers 10-50 weeks Water Cooled Chillers 13-65 weeks Modular Chillers 10-60 weeks Cooling Towers 12-22 weeks Stainless Steel Cooling Towers 18-24 weeks Pumps 6-20 weeks Large Split Case Pumps 22-30 weeks Pump Specialties 4-16 weeks Heat Exchangers 6-25weeks Boilers 2-12 weeks Baseboard Fin Tube 10 weeks REFRIGERANT EQUIPMENT Split A/C Systems 3-24 weeks VRF Equipment 4-24 weeks FUEL OIL Fuel Oil Tank 8-14 weeks Fuel Oil Pumps 6-12 weeks Delays Trending Up Delays Trending Down Remaining Stable
| SELECT EQUIPMENT & MATERIAL LEAD TIMES
(Lead times are based on approved submittal release.)
WWW.COXENGINEERING.COM LEAD TIMES TRENDS ADDITIONAL EQUIPMENT Control Dampers 5-8 weeks Fire / Smoke Dampers 3-6 weeks RGDs 3-6 weeks HEPA Type RGDs 3-10 weeks Sound Traps 4-10 weeks Supply / Exhaust Lab Valves 6-8 weeks VFDs 4-26 weeks Chilled Beams 4-20 weeks MATERIALS Galvanized Sheet Metal 8-10 weeks 304 Stainless Steel Sheet Metal 6-8 weeks 316 Stainless Steel Sheet Metal 6-8 weeks Aluminum Sheet Metal 6-8 weeks
Delays Trending Up Delays Trending Down Remaining Stable
| SHEET METAL PRICING
Galvanized Coil Stock is predicted to drop to near pre-covid values. Stainless and aluminum have decreased over the past few months to below $2.50/lb. (All prices below are dollar per pound.)
WWW.COXENGINEERING.COM
Metal
Metal
304 Stainless Steel Sheet
316 Stainless Steel Sheet
Aluminum Galvanized Sheet Metal
$0.79 $0.96 $1.30 $2.25 $2.20 $2.30 $3.50 $1.95 $3.15 $5.80 $4.00 $0.67 $1.98 $1.80 $5.95 $2.95
Copper futures (HG) have risen 10% since January, while per/ft prices have not moved. Black Steel prices have dropped marginally.
1/2” Copper Tube Price Per Foot
6” Black Steel Price Per Foot
WWW.COXENGINEERING.COM
| PIPE & TUBE PRICING
$22.01 $2.69 $2.81 $21.39 $2.62 $23.81 $2.67 $21.67
CURRENT SUPPLEMENTAL UNION LABOR FORCE (Travelers)
Pipe Labor (Local 537)
Anticipating a busy Spring
+/- 12
Sheet Metal Labor (Local 17)
In the hall
< 60 | UNION LABOR FORCE
About Cox Engineering
For more than 100 years, Cox Engineering has provided sheet metal and mechanical services including custom air-handling manufacturing (Cambridgeport Custom) and sheet metal accessory manufacturing (Cambridgeport Air Systems). At Cox Engineering, we do what we say; we’re on your side; we’re always getting even better. It’s why we are WHERE THE BEST ARE BUILT.
WHERE THE BEST ARE BUILT
