The daily Davis Index for P1020 on Tuesday rose by Rs1,500/mt ($20.20/mt) to settle at Rs206,538/mt ex-works India producer after Balco raised their product prices on June 26 from June 24 in sync with the gain in the LME aluminium spot contract.
Responding to the jump in LME aluminium spot contract, Balco increased its product prices by Rs4,500/mt ($60.60/mt) on June 26 driven by $64.5/mt gain in the LME aluminium spot on June 26 from June 23.
The LME aluminium spot contract rose by $64.5/mt to settle at$2,452/mt June 25 from June 23 levels.
The daily Davis Index for ADC 12 settled at Rs208,436/mt ex-works India producer, up by Rs2,250/mt. The index for CG 99.5 increased by Rs1,500/mt to settle at Rs206,121/mt from ex-works India producer.
The daily Davis Index for EC Rod settled at Rs212,043/mt ex-works producer up by Rs1,500/mt.
($1=Rs74.25)