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

Prices of secondary aluminum smelter scrap delivered US decreased on Wednesday as secondary smelters shuttered operations due to the economic downturn caused by the COVID-19 pandemic.


The weekly Davis Index for 2000/7000 solids dropped to 38.2¢/lb delivered US on Wednesday, from 39.5¢/lb delivered on March 18, while old sheet decreased by 5¢/lb to 35.3¢/lb delivered US. The index for old cast also dropped by 3.3¢/lb to 35.7¢/lb delivered US.


The Davis Index for secondary MLC prices settled down by 2.6¢/lb to 40¢/lb delivered US. The indexes also decreased for tweak, twitch, and zorba during the week with tweak decreasing by 3.2¢/lb to 36.7¢/lb delivered and zorba declining by 2.7¢/lb to 35¢/lb delivered. 


The index for twitch dropped by close to 4¢/lb to 37.7¢/lb delivered US while painted siding also moved down by almost 4¢/lb to 40.3¢/lb delivered on Wednesday.


The official three-month LME aluminum contract closed at $1,538/mt on Wednesday, down by $88/mt from $1,626/mt on March 18. 

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