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

Producers of US secondary aluminum alloys kept prices unchanged as the US economy braces for lower potential demand for aluminum. 


The Davis Index for A380.1 held at 69¢/lb delivered US Midwest on Friday while A319.1 was unchanged at 74¢/lb. The index for both A360.1 and A413.1 was also unchanged at 84¢/lb delivered. The index for B390 was flat at 86.8¢/lb delivered.


The three-month LME aluminum contract closed on Friday at $1,685/mt, down by $23/mt from last $1,708/mt on March 6. 


Market participants fear that the spread of the COVID-19 virus could hamper the supply chain and are preparing for a low demand and supply environment, though production in the US has not yet felt the impact of the virus.

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