Superalloy prices trended flat across most grades on Thursday despite a decline in LME nickel prices.
The weekly Davis Index for Hastelloy C remained at $4.45/lb for single truckload delivered processor yard and was flat for Hastelloy X at $3.11/lb delivered.
The index for Inconel 600 and 601 remained at $4.11/lb delivered and $3.27/lb delivered, respectively.
Inconel 617 was unchanged at $3.10/lb delivered processor yard and Inconel 625 Vac was flat at $3.54/lb delivered. The index for Inconel 718 Vac ticked down to $3.04/lb from $3.05/lb delivered processor yard on Thursday.
The official LME nickel cash contract closed on Thursday at $14,179/mt, down by $186/mt from Wednesday.
LME nickel prices have been trending south this week but a continuous demand for superalloys has led prices for these alloys to move sideways rather than down. That said, processors expect the market to slow down because of which, prices could decline over the next few weeks.