Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The daily Davis Index for P1020 Thursday rose by Rs666/mt ($8.89/mt) to Rs142,421/mt from Rs141,755/mt ex-works India producer Wednesday, after Hindalco increased product prices on July 30, in line with the rise in spot aluminium prices on LME.

Hindalco increased prices by Rs2,000/mt($26.70/mt) on July 30 from July 24, in line with the spot aluminium prices on LME. The LME spot aluminium prices rose by $26/mt to $1,687/mt on July 29 from $1,661/mt on July 21.

Hindalco increased P1020 price to Rs145,750/mt Thursday from Rs143,750/mt on July 24. 

Other two producers, Balco and Nalco, have so far not revised their prices in line with the changes on LME.

The index for CG99.5 Thursday settled at Rs142,005/mt, up by Rs667/mt from Rs141,338/mt ex-works India producer Wednesday.

The index for EC rod Thursday settled at Rs147,926/mt, up by Rs666/mt from Rs147,260/mt ex-works India producer Wednesday. 

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