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

Weekly US zinc scrap prices were rangebound as LME pricing moved higher through the week, only to lose most of its gains today.


The three-month official LME Zinc contract closed Thursday at $2608.50/mt, up by $4/mt from a week ago at $2604.50/mt.


The weekly Davis Index for new zinc diecast scrap increased slightly by 0.1¢/lb to 74.5¢/lb as supply and demand balanced each other out over the course of the week. 


Both galvanizers dross grades were essentially flat from last week, with top dross indexing at 73¢/lb, unchanged, and bottom dross ticking down by 0.3¢/lb to 75.1/lb.


The index for special high-grade zinc premium was also flat at 8.5¢/lb under the three-month LME Zinc contract.  


Demand for zinc is believed to grow as we move into 2021, with strong automotive demand predicted. Still, concerns with the record number of the COVID-19 virus cases have some feeling less optimistic than before. 

Leave a Reply

Your email address will not be published.