Superalloy prices moved up across all grades on Thursday despite the recent declines in the LME Nickel market.
The weekly Davis Index for Hastelloy C rose by 3¢/lb to $5.07/lb for single truckload delivered processor yard and increased for Hastelloy X by 2¢/lb to $3.67/lb delivered.
The index for Inconel 600 also jumped by 5¢/lb to $4.84/lb delivered and increased by 3¢/lb for 601 to $3.88/lb delivered processor yard.
Inconel 617 grew by 2¢/lb to $3.52/lb delivered processor yard and Inconel 625 Vac jumped by 3¢/lb to $4.27/lb delivered. The index for Inconel 718 Vac rose by 3¢/lb to $3.33/lb delivered processor yard on Thursday.
The official LME Nickel cash contract closed Thursday at $17,662/mt, down by $708/mt from $18,370/mt on Jan 21.
Unlike stainless steel grades, the prices for superalloys are yet to get affected by the drop in LME Nickel this week. However, market participants expect superalloys prices to fall next week if the decline in LME Nickel prices continues.