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

The Davis Index for P1020A and 6063 billet premium delivered US Midwest trended lower on Monday, but the lack of scrap could prevent a further drop in aluminum premiums.


The weekly Davis Index premium for P1020A was flat at 9.8¢/lb delivered US Midwest, under the three-month LME aluminum contract on Monday, down slightly from 10.1¢/lb on April 20. The premium for 6063 billets was at 4.7¢/lb, down by a tenth of a penny, delivered US Midwest under the same LME aluminum contract.


Higher quality scrap is very tight, and some consumers have been looking to primary sources to fill both their quality and tonnage requirements.


The three-month LME aluminum contract closed at $1510/mt up by $20/mt from $1490/mt on April 20. 

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