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

Prices of US secondary aluminum alloys inched down on Friday due to lower volumes of production and sales. 


The weekly Davis Index for A380.1 decreased to 67.6¢/lb delivered US consumer on Friday from 68¢/lb delivered on April 10 and fell for 319.1 from 74¢/lb delivered US to 73.8¢/lb delivered. 


The indexes for both A360.1 and A413.1 dropped to 82.1¢/lb, down just under a penny, delivered US, and 83.1¢/lb delivered US, down by 0.02¢/lb, respectively.


The three-month LME aluminum contract closed at $1,520/mt on Friday, up by $53/mt from $1,467/mt on April 9.


The market has been quiet on both the raw material and sales side as participants continue to navigate the COVID-19 crisis. The news of India restarting its construction industry brought worry to US producers of secondary alloys. Some of those concerns, however, were allayed after the US has announced its three-phase plan to get the economy back on track on Friday.

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