Superalloy prices rose across all grades on Thursday in tandem with an upward trend in weekly LME Nickel prices.
The weekly Davis Index for Hastelloy C rose by 10¢/lb to $6.48/lb for single truckload delivered processor yard and was up by 12¢/lb for Hastelloy X to $4.72/lb delivered.
Inconel 600 grew by 13¢/lb to $6.06/lb and increased for Inconel 601 by 15¢/lb to $4.85/lb delivered processor yard. The index for Inconel 617 Vac was up by 2¢/lb to $4.11/lb delivered processor yard and Inconel 625 Vac increased by 16¢/lb to $5.95/lb delivered. The index for Inconel 718 Vac climbed by 8¢/lb to $4.49/lb delivered processor yard.
The official LME Nickel cash contract closed Thursday at $18,868/mt, up by $392/mt from $18,476/mt on Aug 19.
An increase in LME Nickel prices over the past two weeks also lifted stainless steel scrap prices. Superalloy prices have followed this trend and experienced an upward pressure in pricing. With demand for stainless steel scrap strengthening towards the end of August, superalloys are also expected to trend up on stronger demand for Inconel grades.