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

The weekly Davis Index for US brass scrap delivered Midwest declined by 5-9¢/lb depending on grade as the Comex market slipped again during the week; spreads for brass scrap were flat.


The Davis Index for 360-rod borings decreased to $1.674/lb on Friday, from $1.724/lb, while high-grade gears decreased by 4.7¢/lb to $1.398/lb. The index for brass radiators also dropped by 3.8¢/lb to $1.544/lb on Friday. The index for red brass (85:15) solids decreased the most during the week, dropping by 9.1¢/lb to $2.121/lb.


The Davis Index C-200 series alloy copper spread was flat at 12¢/lb under Comex, while the Davis Index C-200 series zinc spread was unchanged at 8.1¢/lb under the three-month LME zinc contract.


The Comex copper next active contract closed on Friday at $2.46/lb down from $2.56/lb on March 6.


The three-month LME zinc official price decrease by $4/mt on Friday to close at$1,984/mt, down from $1,988/mt a week earlier.

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