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

Nickel-based superalloy prices have remained rangebound over the past week, to this Thursday, without being affected by rising LME nickel prices. 


The weekly Davis Index for Hastelloy C rose by 0.1¢/lb at $4.68/lb for single truckload delivered processor yard and was up a penny for Hastelloy X to $3.08/lb delivered, with little market activity observed. 


The index for Inconel 600 also inched up by 0.1¢/lb to $4.09/lb and better by the same for 601 to $3.24/lb, both delivered processor yard.


Inconel 617 was flat at $3.06/lb delivered processor yard while Inconel 625 Vac jumped up by 0.2¢/lb to $3.54/lb delivered. The index for Inconel 718 Vac was down by 0.1¢/lb to $2.76/lb delivered processor yard on Thursday. 


The official LME Nickel cash contract closed Thursday at $15,847/mt, up by $397/mt from $15,450/mt on Nov 5.


Inconel prices continue to move up and down by a penny every week as mill demand presses on with little momentum. Especially, Inconel 718 seems to losing traction by small margins every week, some processors noted. Participants do not expect any significant change in pricing for the rest of the year. 


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