The Davis Index for brass scrap was flat on Friday, as the Comex market has been volatile since the COVID-19 pandemic’s inception.
The weekly Davis Index for 360-rod borings was flat at $1.605/lb delivered US consumer on Friday, while the index for brass radiators decreased by 0.5¢/lb to $1.481/lb delivered. The index for red brass (85:15) solids rose slightly by 0.7¢/lb to $1.968/lb delivered US consumer.
The weekly Davis Index spread for the C-200 series alloy copper was flat at 12.2¢/lb under the Comex cash contract, while the spread for the C-200 series zinc remained at 7.2¢/lb under, tighter by 0.008¢/lb under the LME Zinc spot contract.
The Comex cash copper contract was also flat at $2.34/lb on Friday—the same close as on April 17.
The three-month LME zinc official contract increased by $48/mt on Friday to $1,874/mt from $1,946/mt on April 17.
Low volumes and sluggish demand have impelled consumers to keep purchases to a minimum because they’re being careful not to overextend themselves, given the price uncertainty for finished goods.