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

The daily Davis Index for 4Ani rose by Rs900/mt ($12.35/mt) to Rs29,900/mt ($410.46/mt) ex-Alang amid steady demand from the rolling mills in Mandi Gobindgarh and Gujarat. However, the supply remains tight in Mandi Gobindgarh. The price rise was also driven by strong global cues. The price for HMS 1&2 (80:20) cfr Turkey rose by almost $1/mt on Feb 9, compared to a day prior.


The daily indexes for 0.5kg and 1kg plates increased by Rs450/mt each to Rs28,800/mt and Rs28,700/mt ex-Alang, respectively, with a few deals reported at these levels.


The daily Davis Index for HMS attachment and Melting rose by Rs550/mt each to Rs28,600/mt and Rs27,600 ex-Alang, respectively, with limited trading activities. 





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