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

Superalloy prices were trended flat across all grades on Thursday, amid subdued trading and a volatile LME Nickel market. 


The weekly Davis Index for Hastelloy C remained at $5.12/lb for single truckload delivered processor yard and held unchanged for Hastelloy X at $3.77/lb delivered. 


Inconel 600 was flat at $4.87/lb as was 601, which remained at $4.07/lb delivered processor yard. Inconel 617 also held at $3.77/lb delivered processor yard and Inconel 625 Vac remained unchanged at $4.30/lb delivered. The index for Inconel 718 Vac also settled unchanged at $3.49/lb delivered processor yard. 


The official LME Nickel cash contract closed Thursday at $16,049/mt, down by $729/mt from $16,778/mt on April 8th.


Caution on the part of buyers amid weaker demand and fluctuating LME Nickel prices has kept the market sluggish this week. Participants expect prices to drop and have become more cautious while purchasing material. 

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