Superalloy prices were mixed following market uncertainty and declining LME nickel prices through the week.
The weekly Davis Index for Hastelloy C rose by 0.3¢/lb to $5.27/lb /lb delivered processor yard for single truckload and increased by 12¢/lb for Hastelloy X to $3.91/lb delivered.
The index for Inconel 600 inched up by 0.1¢/lb to $4.95/lb but dropped for Inconel 601 by 0.4¢/lb to $4.06/lb delivered processor yard.
Inconel 617 Vac fell by 13¢/lb to $3.61/lb delivered processor yard and was up for Inconel 625 Vac by 0.1¢/lb to $4.93/lb delivered. The index for Inconel 718 Vac also increased by 0.2¢/lb to $3.80/lb delivered processor yard.
The official LME Nickel cash contract closed Thursday at $17,287/mt, down by $496/mt from $17,783/mt on Jun 10.
Significant demand kept superalloys material moving throughout the week despite the significant drop in LME nickel prices putting downward pressure on prices. That said, the superalloy market, similar to stainless steel, is witnessing uncertainty in demand moving forward.