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

The weekly Davis Index for brass scrap delivered US consumers increased along with the COMEX market on Friday, as demand for sheet mill products has appeared.


The weekly Davis Index for 360-rod borings rose slightly to $1.563/lb on Friday from $1.5161, while the index for brass radiators increased by a tenth of a penny to $1.464/lb. The index for red brass (85:15) solids moved up by 1.4¢/lb to $1.835/lb.


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


The next active COMEX copper contract increased to $2.19/lb on Friday, up from $2.17/lb a week ago.


The three-month LME zinc official contract increased by $2/mt on Friday to $1,876/mt, up from $1,874/mt last week.


With the COVID-19 crisis gripping the US, ammunition sales have surged because gun owners are replenishing their supplies and stocking up on rounds.

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