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

The weekly Davis Index for US zinc scrap fell by 2¢ across most grades amid market uncertainty and weak demand.


The Davis Index for zinc galvanizers bottom dross decreased to 73¢/lb delivered US consumer, while zinc galvanizers top dross declined to 68¢/lb delivered—after both declined by 2¢/lb. The index for new zinc diecast also declined by 2¢/lb to 68¢/lb while zinc SHG premium was flat at 8.5¢/lb on Thursday.


Zinc, which slightly improved its performance early this week, remains of the worst performing metals on the LME’s base metals index as global zinc supply continues to grow amid weak demand, further exacerbated by the uncertainty surrounding COVID-19’s macroeconomic impact.


The official three-month LME zinc contract closed on Thursday at $1,845/mt down by $97 from a close of $1,942/mt on March 12.

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