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

The weekly Davis Index for US secondary zinc alloys held on Tuesday to last week’s levels, as markets remained subdued because of the Covid-19 outbreak affecting supply and demand balances in the zinc market.


The Davis Index for Zamak #3 remained at $1.155/lb and was flat for Zamak #5 at $1.170/lb. The index for Zamak #2 and Zamak #7 remained at $1.185/lb and $1.155/lb, respectively.


The indices for zinc alloys ZA#12, ZA#27, and ZA#8 also held at $1.225/lb, $1.235/lb, and $1.206/lb delivered, respectively.


Market participants expect secondary zinc alloy prices to operate within this narrow range until there is more clarity about Covid-19’s long-term impact on zinc supplies and trade. However, some producers see buyers developing interest in purchasing the material due to its low prices, which could produce a short-term uptick.


The three-month official LME zinc contract closed at $2,062/mt on Tuesday, down by $81 from $2,143/mt on Feb 18.


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