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

Superalloy prices increased by 1-5¢/lb across most grades after LME nickel prices inched up on Thursday compared to the previous week. 


The weekly Davis Index for Hastelloy C increased by 3¢/lb to $5.12/lb for single truckload delivered processor yard and rose for Hastelloy X by 4¢/lb to $3.77/lb delivered. 


Most of the Inconel 600 series grades increased by 4¢/lb with Inconel 600 moved up to $4.87/lb delivered, 601 rising to $4.07/lb delivered and Inconel 617 increasing to $3.77/lb delivered processor yard. 


Inconel 625 Vac jumped by 5¢/lb to $4.30/lb delivered while Inconel 718 Vac increase by 1¢/lb to $3.49/lb delivered processor yard. 


The official LME Nickel cash contract closed Thursday at $16,001/mt, up by $16/mt from $15,985/mt on Mar 25.


Superalloy prices have been moving in tandem with fluctuating LME nickel prices. Participants believe the demand for high temp alloys is strong for April but are remaining cautious in their purchases due to the LME Nickel’s volatility. The LME Nickel three month contract has declined by $2,525/mt since the beginning of March, while the cash contract has decreased by $2,557/mt over the same period.

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