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

Superalloy prices rose on Thursday as LME nickel prices continued to climb throughout the week. 


The weekly Davis Index for Hastelloy C rose by 5¢/lb to $6.53/lb delivered processor yard and was up by 24¢/lb for Hastelloy X to $4.96/lb for single truckloads. 


The index for Inconel 600 grew by 11¢/lb to $6.17/lb and increased for Inconel 601 by 8¢/lb to $4.93/lb delivered processor yard.


Inconel 617 Vac was up by 4¢/lb to $4.15/lb delivered processor yard and Inconel 625 Vac also increased by 22¢/lb to $6.17/lb delivered. The index for Inconel 718 Vac increased by 33¢/lb to $4.82/lb delivered processor yard. 


The official LME Nickel cash contract closed Thursday at $19,365/mt, up by $497/mt from $18,868/mt on Aug 26.


Superalloy prices have risen in tandem with growing LME nickel prices since last week. A positive demand outlook for the stainless steel market, however, may nudge high temp alloy prices higher. Participants are trying to gauge both stainless steel and superalloy prices, as volatility continues.

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