The daily Davis Index for P1020 Tuesday dropped by Rs367/mt ($4.97/mt) to settle at Rs144,371/mt ex-works India producer after Balco increased product prices by Rs1,500/mt and Nalco reduced prices by Rs2,600/mt, in line with the changes in LME.
Earlier, Balco had dropped product prices by Rs2,250/mt while Hindalco had dropped by Rs1,500/mt on September 24.
The spot aluminium prices on LME rose by $18.5/mt to settle at $1,737/mt on September 28 from September 23.
Nalco had dropped its product prices by Rs2,600/mt on September 25 from September 11. The spot aluminium prices on LME dropped by $46.5/mt to $1,697/mt on September 24 from $1,743.5/mt on September 10.
The daily Davis Index for ADC 12 settled at Rs147,436/mt ex-works India producer, down by Rs550/mt and for for CG99.5 settled at Rs143,955/mt ex-works India producer, down by Rs366/mt .
The daily Davis Index for EC rod settled at Rs149,876/mt on Tuesday, down by Rs367/mt from Rs150,243/mt ex-works India producers on Monday.