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

Superalloy prices increased for most grades on Thursday but are expected to trend down following an uncertain market outlook.


The weekly Davis Index for Hastelloy C fell by 3¢/lb to $6.31/lb for single truckload delivered processor yard and was up by 4¢/lb for Hastelloy X to $4.51/lb delivered. 


Inconel 600 grew by 5¢/lb to $5.85/lb and increased for Inconel 601 by 4¢/lb to $4.61/lb delivered processor yard. Inconel 617 Vac climbed by 1¢/lb to $4.02/lb delivered processor yard and Inconel 625 Vac increased by 2¢/lb to $5.65/lb delivered. The index for Inconel 718 Vac, however, dropped by 3¢/lb to $4.32/lb delivered processor yard. 


The official LME Nickel cash contract closed Thursday at $19,440/mt, down by $329/mt from $19,769/mt on Jul 29.


Superalloy prices have risen over the past two weeks in tandem with increasing stainless steel prices. However, the latter has started trending down following a weaker outlook on mill demand for September. Superalloy prices are likely to follow the same trend with processors expecting their prices to decrease over the next few weeks.



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