Superalloy prices inched up across most grades on Thursday amid dropping LME nickel prices.
The weekly Davis Index for Hastelloy C remained at $4.45/lb for single truckload delivered processor yard and increased for Hastelloy X to $3.11/lb from $3.07/lb delivered.
The index for Inconel 600 rose to $4.11/lb from $4.07/lb delivered processor yard and Inconel 601 climbed to $3.27/lb from $3.23/lb delivered.
Inconel 617 was unchanged at $3.10/lb delivered processor yard while Inconel 625 Vac increased to $3.54/lb from $3.52/lb delivered. The index for Inconel 718 Vac remained unchanged at $3.05/lb delivered processor yard on Thursday.
The official LME nickel cash contract closed Thursday at $14,895/mt, down by $231/mt from Wednesday.
The volatility on LME Nickel has seen superalloys prices moving in a narrow range over the past week. However, processors believe that Inconel prices could drop in tandem with LME nickel prices if the latter continues its downward trend.