The daily Davis Index for P1020 on Friday rose by Rs4,117/mt ($55.10/mt) to settle at Rs193,955/mt ex-works India producer after all three primary producers, Balco, Hindalco and Nalco, revised their product prices on April 9 on the back of the volatility in the spot aluminium prices on LME.
The official LME aluminium spot contract settled a $2,267.5/mt on April 8 from $2,239.5/mt on April 7, up by $28/mt.
Hindalco and Balco increased their product prices by Rs3,000/mt($40.15/mt) and Rs2,750/mt($36.80/mt), respectively. Nalco increased its product prices by Rs6,600/mt ($88.34/mt) on April 9.
The daily Davis Index for ADC 12 settled at Rs195,111/mt ex-works India producer, up by R4,575/mt, while for CG 99.5, the index rose by Rs4,117/mt to settle at Rs193,538/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs199,460/mt ex-works India producer, up by Rs4,117/mt.