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

US aluminum export prices pushed higher for all grades for the second consecutive week. Continued concerns over tight scrap aluminum supply due to the colder weather in the northern hemisphere and rising COVID-19 infections have driven the market higher against strong demand for secondary alloys globally.


The weekly Davis Index for 95/2 Zorba moved higher by 2.3¢/lb to 60.8¢/lb fas US ports, while 99/3 Zorba was up 3.1¢/lb at 62.7¢/lb fas.


The indexes for Taint/Tabor and Tense jumped up this week with Taint/Tabor indexing at 59.3¢/lb fas US ports, higher by 1.3¢/lb, and Tense moving to 60.6¢/lb fas, better by 0.7¢/lb.  


The 6063 new bare scrap index stepped up by 0.2¢/lb to 88¢/lbf as and A356 wheels climbed by 3.2¢/lb to 76.5¢/lb fas US ports.  


The official three-month LME Aluminium contract decreased by $13/mt to $1,981.50/mt on Wednesday, from $1,994.5/mt on Nov 19. 


The Davis Index will be closed on Nov 26 and Nov 27 for the US Thanksgiving Holiday.


Offers for material have not been met with much resistance. Buyers are concerned that raw material stores will become tight and leave alloy producers with orders but no material to melt. As a result, producers are driving the market higher in a race to procure the material needed to meet demand.

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