The daily Davis Index for P1020 on Wednesday rose by Rs1,750/mt ($23.59/mt) to Rs165,055/mt ex-works India producer after primary producers in India revised their prices upwards in line with rise in spot aluminium prices on LME. The official LME contract settled at $1,944.5/mt Tuesday, up by $10.5/mt from $1,933/mt on Monday.
Balco revised their P1020 prices to Rs167,250/mt ex-India producer on Nov 18, up by Rs1,750/mt from on Nov 14. Hindalco raised P1020 prices by Rs3,500/mt to Rs167,250/mt ex-India producer from Nov 13.
The daily Davis Indexes for ADC 12 settled at Rs167,686/mt ex-works India producer, up by Rs875/mt and the CG 99.5 was up by Rs1,750/mt to Rs164,638/mt ex-works India producer.
The daily Davis Index for EC Rod settled unchanged at Rs170,560/mt ex-works India producer.