The daily Davis Index for P1020 on Friday rose by Rs4,300/mt ($59.26/mt) to settle at Rs178,738/mt from Rs174,438/mt ex-works India producer after all three aluminium producers revised their product prices on Friday on the back of the volatility in the spot aluminium prices on LME.
The official LME aluminium spot contract settled at $2,147/mt on Feb 18 from $2,096.5/mt on Feb 17, up by $50.5/mt
Hindalco and Balco rose their product prices by Rs3,750/mt ($51.68/mt) on Friday from Thursday. Nalco rose its product prices by Rs5,400/mt ($74.44/mt) from Feb 13.
The daily Davis Index for ADC 12 settled at Rs181,736/mt ex-works India producer, up by Rs4,575/mt, while for CG 99.5, the index rose by Rs4,300/mt to settle at Rs178,321/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs184,243/mt from Rs179,943/mt ex-works India producer, up by Rs4,300/mt.