The daily Davis Index for P1020 Monday dropped by Rs1,167/mt ($15.93/mt) to settle at Rs144,971/mt from Rs146,136/mt ex-works India producer from Thursday as primary aluminium producers Balco and Hindalco revised prices on Oct 2.
Balco and Hindalco cut product prices by Rs2,250/mt($30.71/mt) and Rs1,250/mt ($17.06/mt), respectively, on Oct 2. Their last price revision was on Sep 29. The spot aluminium prices on LME dropped by $21/mt to settle at $1,716/mt on Oct 1 from $1,737/mt on Sep 28.
The Index for ADC 12 Monday settled at Rs 148,061/mt, down by Rs1,125/mt from Rs146,138/mt ex-works India producer on Thursday.
The index for CG99.5 Monday settled at Rs144,555/mt, down by Rs1,166/mt from Rs145,726/mt ex-works India producer on Thursday.
The index for EC rod Monday settled at Rs150,476/mt, down by Rs1,250/mt from Rs151,726/mt ex-works India producers on Thursday.