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

Prices for US secondary aluminum scrap fell across most grades on Wednesday as supply improved and the LME Aluminium market stepped down.


The official LME Aluminium cash price settled Wednesday at $2,149.50 (97.5¢/lb), down by $53.50/mt from Mar 3.


The weekly Davis Index for old cast fell by 1.8¢/lb to 67.6¢/lb delivered US consumer, while old sheet dropped by 1.7¢/lb to 66.2¢/lb delivered.


Increased domestic supply and a slow export market resulted in bids slipping by 1-2¢/lb during the week for grades like zorba 95/2 which indexed at 65¢/lb delivered, down by 3.4¢/lb.


Tweak inched up by 0.3¢/lb to 73.3¢/lb delivered and Twitch settled at 77.9¢/lb, up by 0.4¢/lb driven by strong demand from the auto sector for secondary alloys.


The Davis Index for high-grade turnings fell by 1.3¢/lb to 66¢/lb delivered US consumer while mixed 2000/7000 series turnings rose by 1.3¢/lb to 60.7¢/lb delivered.

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