Superalloy prices moved up across all grades on Thursday amid a spurt in LME Nickel prices and tight supply.
The weekly Davis Index for Hastelloy C rose by 11¢/lb to $4.90/lb for single truckload delivered processor yard and increased for Hastelloy X by 18¢/lb to $3.38/lb delivered.
The index for Inconel 600 also surged by 31¢/lb to $4.58/lb and jumped by 0.23¢/lb for the 601 grade to $3.63/lb delivered processor yard.
Inconel 617 increased by 12¢/lb to $3.30/lb delivered processor yard and Inconel 625 Vac rose by 11¢/lb to $3.84/lb delivered. The index for Inconel 718 Vac inched up by 1¢/lb to $2.83/lb delivered processor yard on Thursday.
The official LME Nickel cash contract closed Thursday at $17,520/mt, up by $1,001/mt from $16,519/mt on Dec 10.
Superalloy prices have risen in tandem with stainless scrap prices. However, while the price rise for the latter is driven by high demand from mills amid tight supply, high-temp alloys have moved up due to the drastic increase in LME nickel prices and tight scrap supply, according to some processors.