Superalloy prices moved up across all grades on Wednesday despite falling LME Nickel prices.
The weekly Davis Index for Hastelloy C rose by 2¢/lb to $4.92/lb for single truckload delivered processor yard and increased for Hastelloy X by 8¢/lb to $3.46/lb delivered.
The index for Inconel 600 also jumped by 6¢/lb to $4.64/lb and increased by the same amount for the 601 grade to $3.69/lb delivered processor yard.
The index for Inconel 617 rose by 8¢/lb to $3.38/lb delivered processor yard and Inconel 625 Vac surged by 21¢/lb to $4.05/lb delivered. The index for Inconel 718 Vac rose by 16¢/lb to $2.99/lb delivered processor yard on Wednesday.
The official LME Nickel cash contract closed on Wednesday at $16,691/mt, down by $829/mt from $17,520/mt on Dec 17.
High temp alloy pricing, like stainless steel, has risen on improved mill demand. Tight scrap supply of superalloys has also aided in the price-rise this week. Although LME Nickel prices have dropped this week, they had increased over the past couple of weeks, which also aided the upward push for superalloy prices.