The daily Davis Index for P1020 Friday rose by Rs750/mt ($10.02/mt) to Rs143,171/mt from Rs141,755/mt ex-works India producer Thursday, after Balco increased product prices on July 30, in line with the rise in spot aluminium prices on LME.
Balco increased prices by Rs2,350/mt($31.40/mt) on July 30 from July 24, in line with the spot aluminium prices on LME. The LME spot aluminium prices rose by $26/mt to $1,687/mt on July 29 from $1,661/mt on July 21.
Balco increased P1020 price to Rs147,000/mt Thursday from Rs144,650/mt on July 24. State Aluminium producer Nalco has so far not revised their prices.
The index for ADC 12 Friday settled at Rs145,761/mt Friday, up by Rs1,125/mt from Rs144,636/mt ex-works India producer Thursday.
The index for CG99.5 Friday settled at Rs142,755/mt, up by Rs750/mt from Rs142,005/mt ex-works India producer Thursday.
The index for EC rod Friday settled at Rs148,676/mt, up by Rs750/mt from Rs147,926/mt ex-works India producer Wednesday.