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

Prices of secondary aluminum smelter scrap delivered US were flat over the week on low volumes in quiet markets.


The weekly Davis Index for 2000/7000 solids increased slightly from 34.8¢/lb delivered, to 35¢/lb delivered US smelters on Wednesday. The index for old sheet remained unchanged at 32.8¢/lb delivered and was 0.1¢/lb higher at 32.9¢/lb delivered for old cast.


The Davis Index for secondary MLC was flat at 35¢/lb delivered and held at 33.9¢/lb for painted siding.


Shredder grades ticked up for two of the three grades from the past week with tweak remaining unchanged at 30.3¢/lb delivered. The index for twitch increased by 0.04¢/lb to 34.3¢/lb delivered and was up for zorba by 0.04¢/lb to 29.9¢/lb delivered.


Export pricing, particularly for shredder grades, has outpaced domestic prices signaling domestic suppliers to hold off on sales in hopes of better prices in the short- to medium-term.


The official three-month LME aluminum contract closed at $1,504/mt on Wednesday, up by $2/mt from $1,502/mt on April 22.

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