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

Superalloy prices increased or fell slightly, depending on grade amid low demand and falling LME Nickel prices.


The weekly Davis Index for Hastelloy C rose by 13¢/lb to $4.63/lb for single truckload delivered processor yard and was flat for Hastelloy X at $3.04/lb delivered. 


The index for Inconel 600 increased by 0.5¢/lb to $4.05/lb delivered but remained unchanged for 601 at $3.21/lb delivered processor yard.


Inconel 617 fell by 0.2¢/lb to $3.06/lb delivered processor yard and Inconel 625 Vac was flat at $3.50/lb delivered. The index for Inconel 718 Vac was down by 3¢/lb to $2.78/lb delivered processor yard on Thursday. 


The official LME Nickel cash contract closed Thursday at $15,393/mt, down by $345/mt from $15,738/mt on Oct 22.


Processors are finding it difficult to move their superalloy inventory due to weak demand. With dropping LME nickel prices and the year-end approaching soon, participants are expecting demand to remain low for the rest of the year.

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