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

The weekly Davis Index for brass scrap delivered US consumer leveled off on Friday as the Comex market found the bottom, for now.


The Davis Index for 360-rod borings was flat at $1.561/lb on Friday, while the index for brass radiators held at $1.463/lb. The index for red brass (85:15) solids was also unchanged at $2.121/lb.


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


The Comex copper next active contract also settled flat at $2.19/lb on Friday, the same as March 20.


The three-month LME zinc official contract increased by $26/mt on Friday to $1,874/mt, up from $1,848/mt a week earlier.


The economic crisis arising from the COVID-19 spread has dominated conversation with consumers and suppliers alike this week. Market participants are reducing their buying programs to only what they need to complete orders, not wanting to over-extend themselves in such uncertain times.

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