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.