The daily Davis Index for P1020 Friday dropped by Rs916/mt ($12.30/mt) to settle at Rs152,305/mt ex-works India producer after Hindalco and Balco dropped their product prices in sync with the spot aluminium prices on LME on October 30 from October 28.

Hindalco’s P1020 price dropped to Rs153,000/mtex-India producer, down by Rs1,250/mt($16.78/mt) while Balco’s dropped to Rs153,250/mt, down by Rs1,500/mt ($20.14/mt).

The daily Davis Indexes for ADC 12 settled at Rs155,836/mt ex-works India producer, down by Rs750/mt and for CG 99.5 dropped by Rs917/mt to Rs151,888/mt ex-works India producer. 

The daily Davis Index for EC rod dropped by Rs916/mt to settle at Rs157,810/mt ex-works India producer. 

 

($1=Rs74.46)

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