The daily Davis Index for P1020, Friday, rose by Rs84/mt ($1.15/mt) to settle at Rs225,205/mt ex-works India producer after Nalco slashed product prices by Rs2,000/mt on Sept 1 from Aug 27. Earlier Balco and Hindalco lowered their product prices on Sept 2, but Balco increased product prices by Rs2,250/mt on Sept 3.
The LME spot aluminium contract settled at $2,694.5/mt on Sept 2 from $2,667.5/mt Sept 1, up by $27/mt.
The daily Davis Index for ADC 12 settled at Rs228,561/mt ex-works India producer, up by Rs125/mt. The index for CG 99.5 gained by Rs83/mt to settle at Rs224,788/mt ex-works India producer. The daily Davis Index for EC Rod also advanced by Rs83/mt to settle at Rs230,376/mt ex-work India producer.