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

Melting and HMS attachments prices in Alang declined on Tuesday amid low demand from mills in Gujarat. The daily Davis index for HMS attachments and melting declined by Rs500/mt ($6.71/mt) each to Rs35,500/mt and Rs34,500/mt ex-Alang, respectively.


Yards in Alang faced shortage of tonnages and increased asking prices for few grades. The daily Davis Index for 8Ani rose by Rs300/mt to Rs42,000/mt ex-Alang and the index for 10Ani rose by Rs100/mt to Rs42,400/mt ex-Alang.


Mills purchased raw material only on a need basis amid the ongoing monsoons and a fear of a potential third wave of COVID-19. 


The daily index for 1kg plates declined by Rs500/mt to Rs35,700/mt ex-Alang and the index for 5kg plates declined by Rs200/mt to Rs41,100/mt ex-Alang.


At present there are three vessels anchored at Alang with a total of 13,811ldt. In June, 25 vessels beached at Alang and in July, so far six vessels have beached with 38,562ldt.



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