The weekly Davis Index for US brass scrap delivered Midwest rose by 1-2¢/lb Friday, in line with the higher Comex market.
The Davis Index for 360-rod borings rose to $1.72/lb Friday, from $1.70/lb, while high-grade gears increased by 2¢/lb to $1.44/lb. The index for brass radiators also rose by 2¢/lb to $1.53/lb on Friday as did the index for red brass (85:15) solids, which went up by 2¢/lb to $2.21/lb.
Depending on the grade of scrap and its copper content, other brass alloy scrap grades also recorded 2¢/lb price increases.
The C260 brass spread tightened by 1¢/lb for copper, narrowing to 12-14¢/lb under Comex while the zinc spread widened to 6¢/lb under LME Zinc.
The three-month LME zinc official price decrease by $30/mt on Friday to $1,988/mt, down from $2,018/mt a week earlier.
The Comex copper next active contract closed on Friday at $2.57/lb up from $2.54/lb on Feb 28.