The daily Davis Index for P1020 Friday dropped by Rs416/mt ($5.66/mt) to settle at Rs146,405/mt ex-works India producer after Balco dropped product prices by Rs1,250/mt on Sep 18 from Sep 16.
The spot aluminium price on LME remained volatile since Sep 1 when it settled at $1,781.5 . The spot aluminium prices dropped by $23.5/mt to $1,743.5/mt on Thursday from $1,767/mt on September 15.
The daily Davis Indexes for ADC 12 settled at Rs149,111/mt ex-works India producer and for CG99.5 settled at Rs145,988/mt ex-works India producer, down by Rs417/mt.
The index for EC rod Friday settled at Rs151,910/mt, down by Rs416/mt from Rs153,326/mt, ex-works India producers on Thursday.
($1= Rs 73.42)