The daily Davis Index for P1020 Monday dropped by Rs417/mt ($5.67/mt) to settle at Rs145,988/mt ex-works India producer after primary producer Hindalco dropped product prices by Rs1,250/mt on Sep 19 from Aug 22.
The spot aluminium price on LME settled at $1,781.5 on Sep 1. The spot aluminium prices rose by $22.5/mt to $1,745/mt on Friday from $1,722.5/mt on August 21. Balco reduced product prices by Rs1,250/mt on Sep 18.
The daily Davis Index for ADC 12 Monday settled unchanged at Rs149,111/mt ex-works India producer.
The indexes for CG99.5 Monday settled at Rs145,571/mt ex-works India producer, down by Rs417/mt and for EC rod, decreased by Rs 417/mt to Rs151,493/mt ex-works India producers.