The Davis Index for brass scrap moved down in tandem with a weaker Comex market, which has come off its peak of $3.19/lb from just over a week ago.
The weekly Davis Index for 360-rod borings decreased by 2.8¢/lb to $2.135/lb, delivered US consumers, and dipped for brass radiators by 4¢/lb to $1.698/lb delivered US consumer. Red brass (85:15) decreased by 8.3¢/lb to $2.64/lb delivered, while mixed red brass dropped by 4.8¢/lb to 2.07/lb delivered.
The weekly Davis Index for the C-200 series alloy copper spread was at 12.3¢/lb under the Comex spot contract, tighter by 1.1¢/lb. The C-200 series zinc spread was at 6.5¢/lb under the LME zinc cash contract, wider by 0.2¢/lb.
The Comex spot copper contract was down on Friday at $3.04/lb from $3.125/lb on Oct 23, while the spot LME Zinc official contract increased by $107.50/mt from Oct 23 to close at $2,524.50/mt on Friday.
Brass has fared better than copper during the COVID-19 pandemic but has lost some steam heading into the winter months with slower demand due to holidays and festivals worldwide impacting the market.