The daily Davis Index for P1020, Thursday, rose by Rs2,667/mt ($35.96/mt) to settle at Rs226,455/mt ex-works India producer after Nalco increased their product prices by Rs8,000/mt($107.89/mt) on Aug 25 from Aug 20.
Balco and Hindalco increased their product prices by Rs2,750/mt on Aug 25 from Aug 24.
The LME spot aluminium contract settled at $2,648.5/mt on Aug 24 from $2,544/mt on August 19 up by $104.5/mt.
The daily Davis Index for ADC 12 settled at Rs229,436/mt ex-works India producer, up by Rs4,000/mt. The index for CG 99.5 gained by Rs2,667/mt to settle at Rs226,038/mt ex-works India producer.
The daily Davis Index for EC Rod also advanced by Rs2,666/mt to settle at Rs231,626/mt ex-work India producer.