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

The weekly US aluminum export prices pushed higher for all grades yet again on supply concerns and decent demand from SE Asia.


The weekly Davis Index for 95/2 Zorba moved higher by 0.5¢/lb to 68.3¢/lb fas US ports while 99/3 Zorba increased by 1.2¢/lb to 72.8/lb fas. Both grades have moved higher, but to a smaller degree than the past weeks. With ferrous scrap prices rising globally, Zorba buyers are banking on increased supply in the near term.


The indexes for Taint/Tabor and Tense jumped this week, with Taint/Tabor indexing higher by 2.7¢/lb to 65.3¢/lb fas and Tense moving to 66.5¢/lb fas US ports, better by 3.3¢/lb.


The Davis Index for 6063 new bare scrap stepped up by 0.7¢/lb to 92¢/lb fas US ports, while A356 wheels rose by 2.1¢/lb to 81.3¢/lb fas this week.


The official three-month LME Aluminium contract decreased by $1/mt to $2,041/mt on Thursday from $2,042/mt on Dec 10.


The Indian import market has lost some steam as buyers at that destination have pulled back bids, preferring to wait until prices have cooled down a bit before they resume buying material in January. Only time will tell if their gamble pays off.

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