The daily Davis Index for P1020 on Wednesday rose by Rs3,616/mt ($49.05/mt) to Rs169,321/mt from Rs165,505/mt ex-works India producer after two primary producers in India revised their prices upwards in line with rise in spot aluminium prices on LME.
The official LME spot contract settled at $2,045.5/mt on Dec 1, up by $78.5/mt from $1,967/mt on Nov 25.
Nalco hiked its P1020 prices by Rs5,600/mt to Rs174,150/mt on Dec 1 from Rs168,500/mt on Nov 26.
Balco revised its product prices by Rs5,250/mt on Dec 2 to Rs173,000/mt from November 25.
The daily Davis Index for ADC 12 settled at Rs173,861/mt ex-works India producer, up by Rs5,425/mt. The CG 99.5 was up by Rs3,617/mt to Rs168,905/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs174,826/mt, up by Rs3,616/mt from Rs171,210/mt, ex-works India producer.