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

Zinc scrap prices in the US were unchanged on Thursday amid weak demand and feeble supply.


The weekly Davis Index for zinc galvanizers bottom dross was flat at 73¢/lb delivered US consumer, while the index for zinc galvanizers top dross remained at 68¢/lb delivered on Thursday. The Davis Index for new zinc diecast also remained at 62¢/lb delivered, while the special high-grade zinc premiums held at 8.5¢/lb delivered.


Market participants anticipate some movement next week as stay-at-home orders ease in some states across the US and scrapyards reopen for business. However, the movement will remain in a narrow range, as zinc supply from mines could take some more time to enter the market because of delayed restarts, according to some market participants.


The three-month LME zinc contract closed Thursday at $1,936/mt, up by $68/mt from $1,868/mt on April 23.

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