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.