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

Prices of secondary aluminum smelter scrap delivered US remained flat or decreased on Wednesday as more secondary smelters suspended operations and automotive producers extended their shutdowns to contain COVID-19.


The weekly Davis Index for 2000/7000 solids dropped to 37.5¢/lb delivered US on Wednesday, from 38.2¢/lb delivered on March 25. The index for old sheet increased by around 0.5¢ to 35.8¢/lb delivered US and moved up by 0.4¢/lb to 36.2¢/lb delivered US for old cast.


The Davis Index for secondary MLC decreased by 1.3¢/lb to 38.7¢/lb delivered US. The indexes also decreased for tweak, twitch, and zorba, with tweak decreasing by 1.7¢/lb to 35¢/lb delivered, twitch dropping by 1.7¢/lb to 36¢/lb delivered and zorba declining by 1.5¢/lb to 33.5¢/lb delivered.


The official three-month LME aluminum contract closed at $1,498/mt on Wednesday, down by $44/mt from $1,542/mt on March 25.

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