The daily Davis Index for P1020 on Tuesday rose by Rs834/mt ($11.44/mt) to settle at Rs168,505/mt ex-works India producer after aluminium producers Hindalco and Balco revised their product prices on Tuesday due to volatility in the spot aluminium prices on LME.
The official LME aluminium spot contract settled at $2,025.5/mt on Feb 8 from $2,007.5/mt on Feb 5 up by $18/mt.
Hindalco and Balco rose their product prices by Rs1,250/mt ($17.15/mt) on Feb 9.
The daily Davis Index for ADC 12 settled at Rs171,011/mt ex-works India producer, up by Rs625/mt, while for CG 99.5, the index rose by Rs833/mt to settle at Rs168,088/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs174,010/mt ex-works India producer, up by Rs834/mt.