The daily Davis Index for P1020, Wednesday, rose by Rs1,833/mt ($24.68/mt) to settle at Rs223,788/mt ex-works India producer after Balco and Hindalco increased their product prices by Rs2,750/mt on Aug 25 from Aug 24. Earlier both the companies had increased prices by Rs1,500/mt on Aug 24 from August 19.
The LME spot aluminium contract settled at $2,648.5/mt on Aug 24 from $2,609/mt on August 23 up by $39.5/mt.
The daily Davis Index for ADC 12 settled at Rs225,436/mt ex-works India producer, up by Rs1,375/mt. The index for CG 99.5 gained by Rs1,833/mt to settle at Rs223,371/mt ex-works India producer.
The daily Davis Index for EC Rod also advanced by Rs1,834/mt to settle at Rs228,960/mt ex-work India producer.