The daily Davis Index for P1020 on Wednesday rose by Rs416/mt ($5.68/mt) to settle at Rs170,221/mt from Rs169,805/mt ex-works India producer after Balco rose its product prices in sync with the rise in spot aluminium prices on LME.
The official LME spot contract settled at $2,025.5/mt on Jan 12 from $2,008/mt, up by $17.5/mt.
Balco raise its product prices by Rs1,250/mt ($17.07/mt) on Wednesday after dropping it by Rs1,500/mt on Tuesday.
The daily Davis Index for ADC 12 settled at Rs173,586/mt ex-works India producer on Wednesday, up by Rs625/mt , while for CG 99.5, the index rose by Rs417/mt to settle at Rs169,805/mt ex-works India producer.
The daily Davis Index for EC Rod rose by Rs 416/mt to settled at Rs175,726/mt ex-works India producer.