Superalloy prices moved up across most grades on Thursday in tandem with the rising LME Nickel market.
The weekly Davis Index for Hastelloy C rose by 0.2¢/lb at $4.71/lb for single truckload delivered processor yard and increased for Hastelloy X by 0.1¢/lb to $3.13/lb delivered.
The index for Inconel 600 also inched up by 0.1¢/lb to $4.13/lb and rose by the same amount for 601 to $3.28/lb delivered processor yard.
Inconel 617 and Inconel 625 Vac grew by 0.1¢/lb to $3.09/lb delivered processor yard and $3.58/lb delivered, respectively, while Inconel 718 Vac was flat at $2.75/lb delivered processor yard on Thursday.
The official LME Nickel cash contract closed Wednesday at $15,975/mt, up by $285/mt from $15,690/mt on Nov 19.
Inconel prices have increased slightly this week amid mixed LME Nickel market movements. That said, the alloy market is not seeing a surge in demand like the stainless steel market according to some market participants.