The daily Davis Index for P1020 on Thursday rose by Rs200/mt ($2.73/mt) to settle at Rs204,355/mt ex-works India producer after Balco, Hindalco and Nalco revised their product prices on June 10.
Responding to the rise in the LME aluminium spot contact, Balco and Hindalco increased their product prices by Rs2,000/mt ($27.34/mt) on June 10. While Nalco reduced its product prices by Rs3,400/mt ($46.48/mt) on June 8 from June 1, responding to the weakness in LME aluminium spot prices in that period. LME aluminium spot price dropped by $44/mt to settle at $2,417.5/mt on June 7 from $2,461.5/mt on June 1.
The official LME aluminium spot contract settled at $2,459/mt on June 9, up by $20/mt from June 8.
The daily Davis Index for ADC 12 settled at Rs205,911/mt from Rs206,611/mt ex-works India producer, down by Rs700/mt, while for CG 99.5, the index rose by Rs200/mt to settle at Rs203,938/mt from Rs203,738/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs209,860/mt from Rs209,660/mt ex-works India producer, up by Rs200/mt.