US superalloy prices varied across all grades on Thursday amid decreasing LME nickel prices.
The weekly Davis Index for Hastelloy C remained at $5.25/lb for single truckload delivered processor yard and Hastelloy X was flat at $3.80/lb delivered.
Inconel 600 increased by 5¢/lb to $4.95/lb delivered and rose by the same amount for Inconel 601 to $4.15/lb delivered processor yard.
The index for Inconel 617 dropped by 11¢/lb to $3.71/lb delivered processor yard and increased by 21¢/lb to $4.54/lb delivered for Inconel 625 Vac. Inconel 718 Vac inched up by 3¢/lb to $3.58/lb delivered processor yard.
The official LME Nickel cash contract closed Thursday at $17,180/mt, down by $763/mt from $17,943/mt on May 6.
Superalloy prices this week have moved in tandem with the demand for Inconel grades, which has led to a variance in pricing trends. Still, the declining LME Nickel market has started putting downward pressure on superalloy prices with participants expecting an eventual softening if demand weakens.