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

The Davis Index for P1020A premium rose by more than half a penny on Monday as the market continued showing signs of demand improvement. However, global excess capacity still weighs on the industry, which has prevented a stronger price recovery.


The Davis Index for P1020A increased by 0.6¢/lb at 9.2¢/lb delivered US under the three-month LME Aluminum contract on Monday, while the 6063 billet premium was flat at 6¢/lb delivered under the same LME contract.


The three-month LME aluminum contract closed on Monday, $1,700.50/mt up by $42.50/mt from $1,658/mt on July 20.


Consumers remain cautious and have reduced purchasing to keep their inventories lean. Buyers are reluctant to overextend themselves even against lower premiums to incentivize more substantial volume sales because of global economic uncertainty.

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