Superalloy prices rose across all grades on Thursday, in tandem with LME Nickel prices that rose over the past week.
The weekly Davis Index for Hastelloy C increased by 5¢/lb to $5.30/lb for single truckload delivered processor yard and by the same amount for Hastelloy X to $3.85/lb delivered.
Inconel 600 increased by 5¢/lb to $5/lb and climbed for Inconel 601 by 2¢/lb to $4.17/lb delivered processor yard.
Inconel 617 grew by 2¢/lb at $3.73/lb delivered processor yard and was grew for Inconel 625 Vac by 8¢/lb to $4.62/lb delivered. The index for Inconel 718 Vac also was up by 4¢/lb to $3.62/lb delivered processor yard.
The official LME Nickel cash contract closed Thursday at $17,326/mt, up by $146/mt from $17,180/mt on May 13.
Superalloy prices have followed the rise in LME Nickel through the past week. Still, like the stainless steel market, superalloy processors are buying the material cautiously since the aerospace industry, a key consumer of this material, is still recovering from its losses due to the impact of the COVID-19 pandemic.