The daily Davis Index for P1020 on Monday rose by Rs833/mt ($11.37/mt) to settle at Rs205,188/mt ex-works India producer after Balco revised its product prices on Saturday last week.
Responding to the rise in the LME aluminium spot contact, Balco increased their product prices by Rs2,500/mt($34.14/mt) on June 11.
The official LME aluminium spot contract settled at $2,490/mt on June 11, up by $31/mt from June 9.
The daily Davis Index for ADC 12 settled at Rs207,161/mt ex-works India producer, up by Rs1,250/mt, while for CG 99.5, the index rose by Rs833/mt to settle at Rs204,771/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs210,693/mt from Rs209,860/mt ex-works India producer, up by Rs833/mt.