Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The daily Davis Index for P1020 Friday rose by Rs417/mt ($5.56/mt) to settle at Rs148,888/mt up from Rs147,471/mt ex-works India producer on Thursday.  Hindalco increased its product prices by Rs1,250($16.69/mt) on Friday from Thursday in line with the changes in spot aluminium prices. Balco and Hindalco had increased their product prices by Rs1,250/mt ($16.69) on Thursday, August 20.


The third aluminium producer, Nalco, has not increased prices after increasing it by Rs1,300/mt on August 14. 


Hindalco increased its P1020 price to Rs151,750/mt on August 21 from August 20. Balco and Nalco have not responded to the recent changes on LME. 


The Index for ADC 12 Friday settled unchanged at Rs151,336/mt, ex-works India producer on Thursday. The index for CG99.5 on Friday settled at Rs148,471/mt, up by Rs416/mt from Rs148,055/mt ex-works India producer Thursday 


The index for EC rod Friday settled at Rs154,476/mt, up by Rs416/mt from Rs154,060/mt  ex-works India producers Thursday.

The spot aluminium prices on LME rose to $1,755.5/mt on August 20 from $1,746.5/mt on August 19, up by $9/mt


($1= Rs74.87)

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