The daily Davis Index for P1020 on Monday rose by Rs5,133/mt ($69.04/mt) to settle at Rs221,838/mt ex-works India producer after Hindalco, Balco increased prices on July 31 from July 30 following a rise in the LME aluminium spot contract. Nalco increased its product prices on July 28 from July 23 on a rise in the LME aluminium.
Hindalco and Balco increased their product prices by Rs5,750/mt ($77.34/mt). Nalco raised its product prices by Rs3,900/mt ($52.45) on July 28 from July 23.
The LME aluminium spot contract rose by $67.5/mt to settle at $2,624/mt on July 30 from $2,565.5/m
The daily Davis Index for ADC 12 settled at Rs223,136/mt ex-works India producer, up by Rs4,825/mt while the index for CG 99.5 rose by Rs5,133/mt to settle at Rs221,421/mt ex-works India producer.
The daily Davis Index for EC Rod increased by Rs4,134/mt to settle at Rs227,010/mt ex-works India producer.