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

Superalloy prices followed the rise of LME nickel to increase slightly across all grades on Thursday. 


The weekly Davis Index for Hastelloy C increased on Thursday to $4.45/lb for single truckload delivered processor yard from $4.44/lb delivered, and rose for Hastelloy X to $2.98/lb delivered from $2.92/lb delivered. 


The index for Inconel 600 rose to $3.92/lb delivered processor yard from $3.83/lb delivered and Inconel 601 climbed to $3.06/lb delivered from $3.02/lb delivered. Inconel 617 increased by half-a-penny to $3.04/lb delivered processor yard while Inconel 625 Vac inched up to $3.35/lb delivered from $3.29/lb delivered. The index for Inconel 718 Vac rose to $3.04/lb delivered processor yard from $3.02/lb delivered on Thursday. 


The official LME nickel cash contract closed Thursday at $15,120/mt, up by $86/mt from Wednesday.


Superalloy prices have risen this week on the increases in LME Nickel prices. However, some market participants believe these are short-term gains and expect superalloys prices to drop as the market enters the fourth quarter a period when prices are prone to remain unchanged or fall.

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