The daily Davis Index for P1020 on Monday rose by Rs417/mt ($5.67/mt) to settle at Rs169,238/mt ex-works India producer after Hindalco rose product prices on Dec 25 in sync with the rise in spot aluminium prices on LME.
The official LME spot contract settled at $2,022/mt on Dec 24 from $1,999/mt on Dec 23, up by $23/mt.
Hindalco rose its product prices by Rs1,250/mt ($17/mt) on Dec 25. It’s P1020 price settled at Rs171,500/mt, from Rs170,250/mt on Dec 24.
The daily Davis Index for ADC 12 remained unchanged at Rs171,986/mt ex-works India producer. The daily index for CG 99.5 rose by Rs416/mt to settle at Rs168,821/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs174,743/mt ex-works India producer, up by Rs417/mt.