The daily Davis Index for P1020, Monday, rose by Rs1,167/mt ($16.08/mt) to settle at Rs198,155/mt from Rs196,988/mt ex-works India producer after Hindalco revised product prices again on May 28. Earlier, both Balco and Nalco had revised their product prices on May 28 and May 27, respectively.
Responding to the slight rise in the LME aluminium spot contact, Hindalco increased its product prices by Rs3,500/mt($48.24/mt) on May 28 from May 27. The official LME aluminium spot contract settled a $2,388/mt on May 27 from $2,359.5/mt on May 26 up by $28.5/mt.
The daily Davis Index for ADC 12, Monday, settled unchanged at Rs200,361/mt ex-works India producer, while for CG 99.5 the index rose by Rs1,167/mt to Rs197,738/mt from Rs196,571/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs203,660/mt from Rs202,493/mt ex-works India producer, up by Rs1,167/mt.
($1=Rs72.54)