The daily Davis Index for P1020 on Thursday rose by Rs2,167/mt ($28.87/mt) to settle at Rs201,038/mt ex-works India producer after primary producers Balco and Hindalco revised their product prices on April 20. Earlier, the two companies had dropped their product prices on April 17.
The official LME aluminium spot contract settled at $2,324/mt on April 19 from $2,308.5/mt on April 16, up by $15.5/mt. Primary producers Balco and Hindalco rose their product prices by Rs2,500/mt ($33.31/mt) and Rs4,000/mt ($53.30/mt), respectively.
The daily Davis Index for ADC 12 settled at Rs201,861/mt ex-works India producer, up by Rs1,250/mt, while for CG 99.5, the index dropped by Rs2,166/mt to settle at Rs200,621/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs206,543/mt ex-works India producer, up by Rs2,167/mt.