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

The Davis Index for brass scrap trended flat to up on Friday amid volatility in the Comex market where spot contracts lost approximately 7¢/lb from May 8. 


The weekly Davis Index for 360-rod borings increased by 0.03¢/lb to $1.625/lb delivered US consumer while the index for brass radiators rose by 0.08¢/lb to $1.50/lb delivered. The index for red brass (85:15) solids rose by 3¢/lb to $2.053/lb delivered US consumer.


The weekly Davis Index spread for the C-200 series alloy copper was tighter by 0.05¢/lb at 9.7¢/lb under the Comex spot contract, while the spread for the C-200 series zinc was tighter by 5.3¢/lb at 2.8¢/lb under the LME zinc spot contract.


The Comex cash copper contract was lower by 7¢//lb at $2.33/lb on Friday down from $2.41/lb on May 8, while the three-month LME zinc official contract decreased by $57/mt on Friday to $1,946/mt from $2,002/mt on May 11. The LME was closed on Friday, May 8, for a UK bank holiday.

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