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

Prices of secondary aluminum smelter scrap delivered US decreased on Wednesday as demand weakened due to OEM production shutdowns.


The weekly Davis Index for 2000/7000 solids dropped to 37.3¢/lb delivered US on Wednesday, from 37.5¢/lb delivered on April 1. The index for old sheet decreased by 0.08¢/lb to 35.1¢/lb delivered US and fell by 1¢/lb to 35.2¢/lb delivered US for old cast.


The Davis Index for secondary MLC was down by 1.4¢/lb to 37.3¢/lb delivered US and decreased for tweak, twitch, and zorba with tweak decreasing by 3.3¢/lb to 31.7¢/lb delivered, twitch dropping by 1.5¢/lb to 34.5¢/lb delivered and zorba declining by 3.2¢/lb to 30.3¢/lb delivered.


The official three-month LME aluminum contract closed at $1,460/mt on Wednesday, down by $38/mt from $1,498/mt on April 1.

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