Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets


The weekly Davis Index for containerized #1 HMS and #1 busheling registered an uptick of $6/mt to settle at $473/mt and $494/mt cfr Taiwan, respectively. While the index for shredded and P&S 5ft increased $7/mt to $487/mt and $493/mt cfr Taiwan, respectively, on Thursday.


The weekly index for HMS 1&2 (80:20) settled at $465/mt cfr Taiwan port, up by $5/mt. Demand remains slow in the country. 


A mill bought HMS 1&2 (60:40) from Central America at $420/mt cfr Taiwan. 



The weekly Davis index for containerized #1 HMS, Thursday, increased by $8/mt to settle at $485/mt cfr Vietnam. The weekly index for shredded rose by $8/mt to $497/mt cfr Vietnam, while the index for P&S 5ft increased by $6/mt to $503/mt cfr Vietnam, respectively. 


The weekly index for #1 bushelling rose by $4/mt to $510/mt cfr Vietnam port. 


The weekly Davis index of HMS 1&2 (80:20) settled at $475/mt cfr Vietnam, up by $6/mt from the prior week.



The weekly Davis index for P&S 5ft fell $14/mt to $511/mt cfr Indonesia port. Bids for P&S 5ft at $500-505/mt cfr Indonesia port. 


The weekly Davis Index for shredded and #1 busheling dropped by $14/mt each to settle at $506/mt and $521/mt cfr Indonesia port, respectively. Buyers reduced bids amid bearish market sentiment. Trading has halted due to the extension of lockdown until July 20.


Japan domestic

Tokyo Steel kept its ferrous scrap purchase prices unchanged on Thursday. Bids for #2 HMS remain at JPY51,000/mt ($460.22/mt) del Okayama, JPY49,000/mt ($442.18/mt) del Utsunomiya, and JPY49,500/mt ($446.69/mt) at Takamatsu. Demand for ferrous scrap in Japan remains healthy, which is supporting offer p. 


($1= JPY109.80, TWD 28.03, VND22,999.56, IDR14,569.25)

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