The daily Davis Index for P1020, Monday, rose by Rs1,333/mt ($18.19/mt) to settle at Rs227,788/mt ex-works India producer after Balco and Hindalco increased their product prices by Rs2,000/mt($27.29/mt) on Aug 28 from Aug 25. Earlier Nalco increased prices by Rs8,000/mt on Aug 25 from Aug 20.
Balco and Hindalco had earlier increased their product prices by Rs2,750/mt on Aug 25 from Aug 24.
The LME spot aluminium contract settled at $2,673.5/mt on Aug 27 from $2,648.5/mt on Aug 24 up by $25/mt.
The daily Davis Index for ADC 12 settled at Rs230,436/mt ex-works India producer, up by Rs1,000/mt. The index for CG 99.5 gained by Rs1,333/mt to settle at Rs227,371/mt ex-works India producer.
The daily Davis Index for EC Rod also advanced by Rs1,334/mt to settle at Rs232,960/mt ex-work India producer.