The daily Davis Index for P1020 on Monday rose by Rs6,634/mt ($90.23/mt) to settle at Rs184,405/mt from Rs177,571/mt ex-works India producer after three aluminium producers revised their product prices on Feb 26 on the back of the volatility in the spot aluminium prices on LME.
The official LME aluminium spot contract settled at $2,223/mt on Feb 25 from $2,136/mt on Feb 23, up by $87/mt
Hindalco and Balco increased their product prices by Rs7,250/mt ($98.61/mt) each on Feb 26. Earlier, both the companies had dropped their product prices by Rs1,750/mt on Feb 24.
Nalco increased their product prices by Rs5,400/mt ($73.45/mt) on Feb 26 from Feb 19. Earlier, it had upped its prices by Rs5,400/mt on Feb 19 from Feb 13.
The daily Davis Index for ADC 12 settled at Rs187,186/mt ex-works India producer, up by Rs6,325/mt, while for CG 99.5, the index rose by Rs6,633/mt to settle at Rs187,788/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs189,710/mt from Rs183,076/mt ex-works India producer, up by Rs6,634/mt.