The daily Davis Index for P1020, Tuesday, rose by Rs1,000/mt ($13.48/mt) to settle at Rs221,955/mt ex-works India producer after Balco and Hindalco increased their product prices by Rs1,500/mt ($20.22/mt) on Aug 24 from Aug 19.
Earlier Balco and Hindalco had reduced their product prices by $3,500/mt on Aug 19 from Aug 18.
The LME spot aluminium contract settled at $2,609/mt on August 23 from $2,544/mt on Aug 19 up by $65/mt.
The daily Davis Index for ADC 12 settled at Rs224,061/mt ex-works India producer, up by Rs750/mt. The index for CG 99.5 gained by Rs1,000/mt to settle at Rs221,538/mt ex-works India producer.
The daily Davis Index for EC Rod also advanced by Rs1,000/mt to settle at Rs227,126/mt ex-work India producer.