The daily Davis Index for P1020 on Monday dropped by Rs466/mt ($6.29/mt) to settle at Rs170,155/mt ex-works India producer after Nalco dropped its product prices on Dec 18 in sync with the drop in spot aluminium prices on LME.
The official LME spot contract settled at $2,028/mt on Dec 17, down from $2,042.5/mt on Dec 14.
Nalco dropped its product prices by Rs1,400/mt ($18.91/mt) on Dec 18. It’s P1020 price settled at Rs172,650/mt from Rs174,050/mt on Dec 15.
The daily Davis Indexes for ADC 12 settled at Rs172,736/mt ex-works India producer, down by Rs700/mt; and for CG 99.5 dropped by Rs467/mt to settle at Rs169,738/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs175,660/mt, down by Rs466/mt from Rs176,126/mt ex-works India producer.