Superalloy prices have moved up across all grades on Thursday amid increasing LME Nickel prices.
The weekly Davis Index for Hastelloy C rose by 0.7¢/lb to $5.04/lb for single truckload delivered processor yard and increased for Hastelloy X by 10¢/lb to $3.65/lb delivered.
The index for Inconel 600 also jumped by 7¢/lb to $4.79/lb delivered and increased by 4¢/lb for 601 to $3.85/lb delivered processor yard.
Inconel 617 grew by 4¢/lb to $3.50/lb delivered processor yard and Inconel 625 Vac jumped by 9¢/lb to $4.24/lb delivered. The index for Inconel 718 Vac rose by 15¢/lb to $3.30/lb delivered processor yard on Thursday.
The official LME Nickel cash contract closed Thursday at $18,370/mt, up by $419/mt from $17,951/mt on Jan 14.
Like stainless steel scrap, superalloy prices have risen since the beginning of January because of the improving LME Nickel market. Mill demand for high temp alloys has also strengthened because of which, processors expect prices to grow further if the LME Nickel market climbs at its current pace.