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

Superalloy prices dropped across most grades on Thursday on lower demand from mills. 


The weekly Davis Index for Hastelloy C rose by 0.2¢/lb to $4.47/lb for single truckload delivered processor yard and fell for Hastelloy X by 0.3¢/lb to $3.03/lb delivered. 


The index for Inconel 600 also declined by 0.7¢/lb to $3.98/lb and fell for 601 by 0.4¢/lb to $3.19/lb delivered processor yard.


Inconel 617 dropped by 0.4¢/lb to $3.08/lb delivered processor yard, while Inconel 625 Vac decreased by a penny to $3.51/lb delivered. The index for Inconel 718 Vac moved down by 0.9¢/lb to $2.85/lb delivered processor yard on Thursday. 


The official LME Nickel cash contract closed Thursday at $14,687/mt, up by $257/mt from $14,430/mt on Oct 1.


Demand from the mills has started slowing down as the market approaches the end of the year. This has led to decreasing high temp alloy prices, according to market participants. However, some dealers believe that superalloys prices may rise if the LME Nickel continues to trend up.

Leave a Reply

Your email address will not be published.