The daily Davis Index for P1020 on Thursday rose by Rs2,583/mt ($/mt) to settle at Rs216,705/mt ex-works India producer after Hindalco and Balco increased prices on July 30 from July 29 following the rise in the LME aluminium spot contract.
Hindalco and Balco increased their product prices by Rs2,750/mt($36.95/mt) and Rs3,000/mt($40.31), respectively. The LME aluminium spot contract rose by $49.5/mt to settle at $2,565.5/mt on July 29 from $2,516/mt on July 28.
The daily Davis Index for ADC 12 settled at Rs218,311/mt ex-works India producer, up by Rs1,500/mt while the index for CG 99.5 rose by Rs2,583/mt to settle at Rs216,288/mt ex-works India producer.
The daily Davis Index for EC Rod increased by Rs2,583/mt to settle at Rs221,876/mt ex-works India producer.