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

Superalloy prices rose across all grades amidst robust demand and increasing LME nickel prices.


The weekly Davis Index for Hastelloy C rose by 7¢/lb to $6.34/lb for single truckload delivered processor yard and was up by 11¢/lb for Hastelloy X to $4.47/lb delivered. 


The index for Inconel 600 grew by 15¢/lb to $5.80/lb and increased for Inconel 601 by 11¢/lb to $4.57/lb delivered processor yard.


Inconel 617 Vac was up by 4¢/lb to $4.01/lb delivered processor yard and Inconel 625 Vac also increased by 9¢/lb to $5.63/lb delivered. The index for Inconel 718 Vac was rose by 6¢/lb to $4.35/lb delivered processor yard. 


The official LME Nickel cash contract closed Thursday at $19,769/mt, up by $899/mt from $18,870/mt on July 22nd.


The stainless steel market has been seeing a robust movement resulting in increasing superalloy prices. A corresponding upward trend in LME nickel prices is also helping the situation. Participants expect demand to hold steady as long as the stainless market remains strong.





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