The daily Davis Index for P1020, Monday, rose by Rs2,966/mt ($40.43/mt) to settle at Rs155,721/mt ex-works India producer after all three primary producers increased their product prices in line with the spike in the spot aluminium prices on LME on October 16.
Nalco increased its product prices by Rs3,400/mt on October 17 from October 13. Nalco’s P1020 price rose to Rs157,850/mt ex-works India producer, up by Rs3,400/mt from October 13. The spot aluminium prices on LME rose by $36.5/mt to settle at $1,865.5/mt on October 16, from $1,829/mt on October 12.
Balco and Hindalco increased product prices by Rs3,500/mt on October 17. The spot aluminium prices on LME rose by $41.5/mt to settle at $1,865.5/mt on October 16 from $1,824/mt on October 15.
Balco increased its P1020 price to Rs158,500/mt, up by Rs3,500/mt while Hindalco increased to Rs158,000/mt on October 17, up by Rs3,500/mt.
The daily Davis Indexes for CG99.5 settled at Rs155,305/mt ex-works India producer, up by Rs2,967/mt while for EC rod settled at Rs161,226/mt, up by Rs2,966/mt ex-works India producer.
The daily Davis Index for ADC 12 settled at Rs158,461/mt, up by Rs2,700/mt from Rs155,761/mt ex-works India producer on Friday.