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

US export aluminum scrap prices jumped by about a penny on Thursday amid strong demand and rising LME Aluminium prices. 


The weekly Davis Index for Taint/Tabor increased by 0.9¢/lb to 76.7¢/lb fas US port while Tense rose by 0.7¢/lb to 77.2¢/lb fas. Japan’s continued bidding for ADC12 to boost auto production in H2 2021 has spurred prices for these grades as India and China continue to remelt ingots to meet the surge in demand. 


A356 wheels increased by 1.3¢/lb to $1.01/lb fas US ports while the index for Talk stood at 2.125¢/lb fas, down 2.2¢/lb following a decline in Comex copper prices this week. The weekly Davis Index for Zorba 95/2 climbed by 3¢/lb to 72.3¢/lb fas US port while Zorba 99/3 rose by 1.9¢/lb to 72.2¢/lb fas following dwindling supply in the domestic market as shredders shut down for unplanned maintenance. These prices are also sensitive to the LME as they yield both aluminum and copper metal. 


The official LME Aluminium cash price closed Thursday at $2,583/mt ($1.131/lb), up $27/mt from Jul 29. 


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