The daily Davis Index for P1020 rose by Rs2,450/mt ($33.03/mt) to settle at Rs224,228/mt ex-works India producer after Nalco raised its product prices on July 31. The company, however, published its price revision notice on Wednesday. On the other hand, Balco dropped its product prices by Rs2,750/mt on August 4 from July 31 in sync with the changes in the LME spot aluminium price.
Nalco increased its product prices by Rs10,100/mt ($136.16/mt) on July 31 from July 28. The LME spot aluminium prices rose by $126.5/mt to settle at $2,624/mt on July 30 from $2,497.5/mt.
Balco dropped its product prices by Rs2,750/mt ($37.03/mt) on August 4 from July 31, on a $28.5/mt drop in the spot aluminium prices. The LME spot aluminium prices dropped by $28.5/mt to settle at $2,595.5/mt on August 3 from $2,624/mt on July 30.
The daily Davis Index for ADC 12 settled at Rs226,811/mt ex-works India producer, up by Rs3,675/mt. The index for CG 99.5 rose by Rs2,450/mt to settle at Rs223,871/mt ex-works India producer.
The daily Davis Index for EC Rod increased by Rs2,460/mt to settle at Rs229,460/mt ex-works India producer.