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

The weekly Davis Index for P1020A and 6063 billet premium delivered US Midwest continued to slip on Monday on waning demand. 


The Davis Index premium for P1020A declined by 2.1¢/lb to 10.1¢/lb delivered US Midwest, under the three-month LME aluminum contract on Monday while the premium for 6063 billets decreased by 2¢/lb to 4.5¢/lb, delivered US Midwest under the same LME aluminum contract.


Market participants were concerned about the excess supply and capacity of primary aluminum before demand decreased significantly because of the COVID-19 crisis. As a result, premiums have been forced to retreat, in a market left with little strength, to the brink of becoming a discount if the trend continues through the summer months.


The LME was closed on Monday because of Easter holidays in the UK but will reopen for business on Tuesday.

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