The daily Davis Index for P1020 on Thursday rose by Rs1,166/mt ($16.06/mt) to settle at Rs182,571/mt ex-works India producer after Hindalco and Balco revised their product prices on the back of the volatility in the spot aluminium prices on LME.
The official LME aluminium spot contract settled at $2,202.5/mt from $2,174.5/mt March 16, up by $28/mt.
Hindalco and Balco rose their product prices by Rs2,250-2,500/mt ($30.99- 34.43/mt) on March 18.
The daily Davis Index for ADC 12 settled at Rs184,736/mt ex-works India producer, up by Rs1,250/mt, while for CG 99.5, the index rose by Rs1,167/mt to settle at Rs182,155/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs188,076/mt from Rs186,910/mt ex-works India producer, up by Rs1,166/mt.