The daily Davis Index for P1020 on Wednesday rose by Rs750/mt ($10.30/mt) to settle at Rs166,571/mt ex-works India producer after Balco rose its product prices on Jan 26 from Jan 21 in sync with the volatility in spot aluminium prices on LME.
The official LME spot contract settled at $2,025/mt on Jan 26, up by $49/mt from $1,976/mt on Jan 20.
Balco rose its product prices by Rs2,250/mt ($30.91/mt) on Jan 26. Its P1020 is now priced at Rs172,500/mt ex-works India producer.
The daily Davis Index for ADC 12 settled at Rs170,611/mt ex-works India producer, up by Rs1,125/mt, while the index for CG 99.5 rose by Rs750/mt to settle at Rs166,155/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs172,076/mt ex-works India producer, up by Rs750/mt.