Industry benchmarks
Davis Index provides price benchmarks for base metals, recycled metal, steel and secondary alloys that are not listed on exchanges but drive global trade. We produce more than 1,400 proprietary price indexes and carry metals futures prices and other reference data.
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Data collection
The indexing process is based on surveys of market participants such as producers, consumers, traders, and brokers.
Davis analysts communicate with market participants to gather market data from them. Data from these sources are only used after factoring in source credibility, providing accurate information, role within the company, and reputation.
Davis calls on all market participants to submit data that applies to its indexes. The more inputs an index receives, the more robust it becomes. Therefore, Davis will continuously strive to expand its sources.
Data criteria
For information to be included in an index’s calculation, it must meet specific criteria detailed in our methodology.
This includes an industry specification for each material, a minimum deal size, delivery period, payment period and other factors that establish a basis for each index.
Examples of data collected:
- Transaction price/s
- Volume/s traded
- Names of counterparties
- Firm bids
- Firm offers
- Indicative values
- Spread values between materials
- Spread values between locations
- Other transactions heard across the market
- Any other trade relevant data
Location
Data verification
Davis analysts are given rigorous training to analyze the data gathered and received.
Analysts are taught to determine whether the data qualifies for use in an index or requires more inquiry.
For qualified data, analysts then apply index methodology to determine whether each data point is relevant to the index and should be utilized in the final calculation of that index.
Every index is reviewed and evaluated by a manager prior to its publication. Market commentaries that accompany industry benchmarks include rationales that explain the index’s movement.
Materials we cover
Aluminium, Brass, Copper, Lead, Zinc
Types of customers
Davis Index’s proprietary indexes and price benchmarks are used by a complete cross-section of the industry.
Manufacturers
Use index data in sales contracts of the recycled material generated during the making of any metal-intensive product: from fencing to cars, and from hammers to airplanes.
Governments
Governments use price index data for duty and contract benchmarking. Analysts use data for margin, spread and trend analysis. And monitor daily news.
Mills, smelters
To enter supply contracts with their raw material suppliers and/or end consumers, such as die-casters and auto OEMs.
Exporters, Importers, Traders
To track markets daily and to lock in the margin using supply/sale contracts on monthly average price benchmarking.
Customers reviews
Some of our customers
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