The daily Davis Index for P1020 Wednesday rose by Rs417/mt ($5.55/mt) to Rs136,755/mt ex-works India producer from Rs136,338/mt on Monday, after Balco increased its product prices by Rs1,250/mt ($16.66/mt) on July 8 in line with the spot aluminium prices.
The other two primary aluminium producers, Hindalco and Nalco, did not revise their product prices from July 4 and July 1, respectively. Earlier, Balco and Hindalco had dropped prices by Rs3,000 on July 4. However, the LME spot prices rose by $15/mt to $1,596.5/mt on July 7 from $1,581.5/mt on July 3, forcing Balco to follow suit.
Nalco last published its revised product notice on July 1 with prices increasing by Rs1,200/mt ex-works India producer from June 27
The Davis Index for ADC 12 Wednesday settled at Rs140,386/m, up by Rs625/mt ($8.33/mt) from Rs139,761/mt on Monday.
The index for CG99.5 Wednesday settled at Rs136,338/mt, up by Rs417/mt from Rs135,921/mt ex-works India producer Monday.
The index for EC rod Wednesday settled at Rs142,960/mt, up by Rs417/mt from Rs141,983/mt Monday.
($1=Rs75.01)