The daily Davis Index for P1020 on Thursday rose by Rs1,750/mt ($23.58/mt) to Rs166,805/mt ex-works India producer after two primary producers in India revised their prices upwards in line with rise in LME spot aluminium prices. The official LME spot contract settled at $1,978/mt on Wednesday, up by $33.5/mt.
Balco revised their P1020 prices to Rs169,500/mt, up by Rs2,250/mt ex-India producer while Nalco raised it by Rs3,000/mt to Rs170,350/mt ex-India producer.
The daily Davis Indexes for ADC 12 settled at Rs170,211/mt ex-works India producer, up by Rs2,525/mt and for CG 99.5 was up by Rs1,750/mt to Rs Rs166,388/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs172,310/mt ex-works India producer, up by Rs1,750/mt.