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

US zinc scrap prices did not budge over the past week as smelter maintenance outages saw almost no new deals being made for scrap. 


The official LME Zinc three-month price settled Thursday at $2,948/mt, up by $8/mt from Jul 8. 


Both galvanizing grades trended flat, with zinc galvanizers bottom dross settled at 92.5¢/lb delivered US consumer and top dross also unchanged from last week at 98.2¢/lb delivered. 


Price stagnation was caused by buyers being out of the market while furnaces are under repair and maintenance. However, once the month-long shutdown is over, demand for galvanizing grades and zinc oxide is expected to rebound, as smelters will be back in business.


New zinc diecast remained at 95¢/lb delivered US consumer, while the Davis Index special high-grade premium was flat at 8.5¢/lb delivered. 

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