Cable prices increasing rapidly

[THE PLUG ELECTRICIAN]

Hello Everyone

Are we all facing the same problem of price hiking up of electrical cable? In this month alone start of 2021 the price has been changed twice. The first time wasn’t so bad it was by £2.00 the second time it was changed by a odd £6.00...

Any info on this?

Are prices likely to creep up even more? For the people who have been in the trade for over 20 years any experience with price hikes like we are now experiencing?

Is it due to COVID or Brexit ?

Will prices ever go back to “NORMAL” or is this the new normal

Would love to hear from you all and any tips of where and how to source cable in a matter of emergency’s.

 

[Edtwozeronine]

Hopefully once all the transport is in place after the brexit transition and covid gets sorted out it'll drop back into line. Market forces are always, oh there's less of this stuff about we'll have to sell it for more because we can get away with it!

 

[snowhead]

It's the price of raw copper that's caused it, nothing to do with Brexit.
Almost doubled since last March

 

[ipf]

Well, very little of the world's copper is mined in Europe, ruling out Brexit.
USA and some South American countries have massive supplies.
We had a 'high' about 10 years ago....it is getting towards that again. Who knows the reasons for the markets?.......but some will be making millions.

CHECK ON SCRAP PRICES, EVERYONE!!!!
(or just ask tel, he'll know)?

 

[THE PLUG ELECTRICIAN]

It's the price of raw copper that's caused it, nothing to do with Brexit.
Almost doubled since last March

View attachment 63768

So technically the price change can and will move freely looking at the graph it looks like at one stage it did drop dramatically so it can drop back down which is a good thing but how likely is this... raw material is starting to get expensive hence price rise makes sense thanks for the graph

 

[Mike Johnson]

As with all of these things if a price rise happens due to exceptional circumstances and its absorbed by the customer when those circumstances change the price stays the same, living in cuckoo land if you think the price will come down IMO.

 

[snowhead]

Price is rising due to demand.
Either there are more companies buying and using it or the producers can't keep up with the demand.
Covid may be a reason.
Here's the last 5 years, it doesn't look quite as bad compared to where it was previously.

 

[Sparky Pat]

Back in far forgotten past and when BICC used to set the trade prices on cables ,and when you had one cable discount off all booklet cables he would receive a new price list [booklet] every week or sometimes twice in a week.
I know the manager of my local wholesaler was told to stock up on cable a few months ago because prices were going up.
So nothing new in rapid cable increases as stated previously it depends on the cost of the raw material, back in the seventies it was down more to the price of oil.

 

[brianmoooore]

And back in the seventies, you could show that booklet to the customer, and they could see how generous you were selling them the cable at 'trade'price'.

 

[Dustydazzler]

As with all of these things if a price rise happens due to exceptional circumstances and its absorbed by the customer when those circumstances change the price stays the same, living in cuckoo land if you think the price will come down IMO.

This

Prides will continue to rise all the time people pay it ...