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

US zinc secondary alloys prices gained 1-2¢/lb on Tuesday following robust trading and bullish market sentiment.


LME Zinc cash offers recovered from their losses last week to close at $1.28/lb on Tuesday while the official three-month LME Zinc contract rose by $20/mt from Apr 13 to $2,806/mt today. 


The weekly Davis Index for Zamak #2 increased by 2.5¢/lb to $1.495/lb delivered US consumer with Zamak #3 and Zamak #7 rising by the same amount to $1.465/lb delivered, respectively. Zamak #5 climbed by 2.6¢/lb at $1.481/lb delivered.


ZA 8 and ZA 12 both increased by 2.5¢/lb to $1.515/lb delivered and $1.535/lb delivered US consumer, respectively, while ZA 27 inched up by 1.5¢/lb to $1.555/lb delivered.


Demand is expected to remain strong in the zinc alloys market this week with business activity rising despite the increasing prices following a bullish sentiment given the strength in the steel and construction industries at present.

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