The daily Davis Index for P1020 on Monday rose by Rs750/mt ($10.13/mt) to settle at Rs205,971/mt from Rs204,471/mt ex-works India producer after Balco and Hindalco revised their product prices by Rs2,250/mt ($30.41/mt) on April 30.
The official LME aluminium spot contract settled at $2,432/mt on April 29 from $2,373.5/mt on April 22, up by $58.5/mt. Earlier, primary producers Balco and Hindalco had increased their product prices by Rs3,750/mt and Rs2,750/mt, respectively, on April 23.
The daily Davis Index for ADC 12 settled at Rs208,461/mt ex-works India producer, up by Rs1,125/mt, while for CG 99.5, the index rose by Rs750/mt to settle at Rs205,555/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs211,476/mt ex-works India producer, up by Rs750/mt.