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

The Davis Index for US brass scrap climbed for some grades and dropped for others while spreads narrowed on Friday. 


The weekly Davis Index for 360-rod borings increased by 6.3¢/lb to $2.578/lb delivered US consumers and rose by 1.7¢/lb for brass radiators to $2.027/lb delivered. 


The weekly Davis Index spread for the C-200 series alloy copper tightened by 2.8¢/lb to 12.7¢/lb under the Comex spot contract. Simultaneously, the C-200 series zinc spread narrowed by 1.2¢/lb to 6.8¢/lb under the LME Zinc cash contract.


The Comex spot copper contract dropped by 8.7¢/lb to $3.603/lb from its close on Jan 8, while the spot LME zinc official contract decreased by $146.95/mt from Jan 8 to close at $2,677.55/mt on Friday.


The Comex has remained volatile after closing at $3.70/lb on Jan 7, its highest peak since February 2013. On Friday, the Comex market weakened slightly and in turn tightened the spreads for C-200. However, the physical market for brass scrap remains robust with scrap ammunition and US Mint sales keeping sheet mills’ order books strong.

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