The daily Davis Index for P1020 on Monday dropped by Rs17/mt ($0.22/mt) to settle at Rs152,288/mt ex-works India producer after Hindalco and Nalco revised their product prices in sync with the spot aluminium prices on LME.
Hindalco’s P1020 price rose to Rs155,750/mt, up by Rs2,750/mt($36.93/mt) from Rs153,000/mt, ex-India producer on October 31. The spot aluminium prices rose to $1,820.5/mt on October 30, up by $34.5/mt from $1,786/mt on Oct 29.
Nalco’s P1020 price dropped to Rs155,050/mt ex-India producer on Oct 28, down by Rs2,800/mt($37.60/mt). The spot aluminium prices dropped by$57.5/mt to settle at $1,808/mt on Oct 27.
The daily Davis Indexes for ADC 12 settled at Rs154,436/mt ex-works India producer, down by Rs1,400/mt and for CG 99.5 dropped by Rs17/mt to Rs151,871/mt ex-works India producer.
The daily Index for EC rod dropped by Rs17/mt to settle at Rs157,793/mt from Rs157,810/mt ex-works India producer.