The daily Davis Index for P1020 on Thursday rose by Rs1,583/mt ($21.34/mt) to settle at Rs201,588/mt ex-works India producer after Balco and Hindalco raised their product prices on June 24 and June 23, from June 22.
The daily Davis Index for P1020 on Thursday rose by Rs1,583/mt ($21.34/mt) to settle at Rs201,588/mt ex-works India producer after Balco and Hindalco raised their product prices on June 24 and June 23 from June 22 in sync with the gain in the LME aluminium spot contract.
Responding to the advancement in the LME aluminium spot contract, Balco increased its product prices by $3,250/mt($43.82/mt) on June 24 driven by $33/mt jump in LME aluminium spot contract on June 23 from June 21.
Hindalco increased its product prices by Rs1,500/mt ($20.22/mt) on June 23 on the back of the $22/mt gain in LME aluminium spot conract on June 22 from June 21.
The LME aluminium spot contract dropped by $33/mt to settle at$2,386.5/mt on June 23 from June 21.
The daily Davis Index for ADC 12 settled at Rs204,286/mt ex-works India producer, up by Rs1,625/mt, while the index for CG 99.5 increased by Rs1,583/mt to settle at Rs201,271/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs207,193/mt ex-works India producer by Rs1,583/mt.
($1=Rs74.16)