Superalloy prices moved up across all grades on Thursday amid increasing LME Nickel prices.
The weekly Davis Index for Hastelloy C rose by 0.2¢/lb to $4.97/lb for single truckload delivered processor yard and increased for Hastelloy X by 8¢/lb to $3.55/lb delivered.
The index for Inconel 600 rose by 6¢/lb to $4.72/lb and surged by 10¢/lb for 601 to $3.81/lb delivered processor yard.
Inconel 617 climbed by 0.4¢/lb to $3.46/lb delivered processor yard and Inconel 625 Vac jumped by 4¢/lb to $4.13/lb delivered. The index for Inconel 718 Vac rose by 9¢/lb to $3.15/lb delivered processor yard on Thursday.
The official LME Nickel cash contract closed Thursday at $17,951/mt, up by $22/mt from $17,929/mt on Jan 7.
LME Nickel prices have soared over the past three days on concerns over supply disruptions after the Philippines government banned mining at the Tumbagan island earlier in the week. As a result, high temp alloy prices increased as well. Participants expect superalloy prices to rise if the LME nickel prices keep increasing.