PLEASE READ
Everyone in the electrical industry is acutely aware of commodity prices. Copper, silver and other metals are the primary industry price drivers. We have been in an inflationary spiral for these commodities since the end of 2008. In January 2009 the price of copper was $1.30/lb. In March 2011 it hit a high of $4.50/lb. Today the price is $3.70/lb. Likewise, silver was priced at $10.00/oz. in November of 2008. In April 2011 it hit a high of $48.00/oz. Today silver is selling close to $31.00/oz.
Repco has been able to keep up with contact price changes not by raising prices across the board, but by incrementally looking at each item and making necessary adjustments along the way.
In the future there are two things about which all of our customers need to be aware.
First, if you are a resale customer, please do not quote your customers based on pricing you previously received from Repco. The price at which you purchased contact kits three months ago may be significantly higher today because of increased commodity pricing. Heretofore, we have been able to reasonably accommodate customers. We are unable to promise the same accommodation in the future. Therefore, please contact our sales people to obtain current pricing before quoting your customers.
Second, we have been able to offer quotations that are guaranteed for 45 days. Because of the commodity inflation, all quotations are now valid for 30 days. If you are reselling Repco contacts please advise your customers that your quotation is valid for 30 days.
Thank you.
