The daily Davis Index for P1020 gained by Rs500/mt ($6.73/mt) to settle at Rs222,155/mt ex-works India producer after Balco increased their product prices on Aug 13. Earlier the producer had increased prices on Aug 11.
Balco increased product prices by Rs1,500/mt ($20.19/mt) as LME spot prices advanced by $23/mt to settle at $2,602/mt on Aug 12 from $2,579/mt on Aug 10.
The daily Davis Index for ADC 12 rose by Rs750/mt to settle at Rs225,361/mt ex-works India producer. The index for CG 99.5 gained Rs500/mt to settle at Rs221,738/mt ex-works India producer.
The daily Davis Index for EC Rod also increased by Rs500/mt to settle at Rs227,326/mt ex-work India producer.