US superalloy prices increased across all grades on Thursday in tandem with the rising LME nickel market.
The weekly Davis Index for Hastelloy C rose by 6¢/lb to $5.19/lb for single truckload delivered processor yard and increased for Hastelloy X by 2¢/lb to $3.88/lb delivered.
The index for Inconel 600 also grew by 6¢/lb to $5.09/lb and jumped by 9¢/lb for 601 to $4.07/lb delivered processor yard.
The index Inconel 617 increased by 7¢/lb to $3.79/lb delivered processor yard while Inconel 625 Vac rose by 3¢/lb to $4.51/lb delivered. The index for Inconel 718 Vac surged by 11¢/lb to $3.58/lb delivered processor yard on Thursday.
The official LME Nickel cash contract closed Thursday at $18,966/mt, up by $367/mt from $18,599/mt on Feb 11.
LME Nickel prices have risen gradually over the past week lifting superalloys pricing. Like the stainless-steel market, participants see good demand for high temp alloys, which is contributing to the increasing prices.