The daily Davis Index for P1020 on Wednesday rose by Rs1,266/mt ($17/mt) to settle at Rs204,471/mt ex-works India producer after Nalco revised their product prices by Rs3,800/mt ($51.02/mt) on April 27 from April 16.
The official LME aluminium spot contract settled at $2,389/mt on April 27, up by $61/mt from April 15. Earlier Balco and Hindalco had raised their product prices by Rs3,750/mt and Rs2,750/mt, respectively, on April 23 from April 20.
The daily Davis Index for ADC 12 settled at Rs207,336/mt ex-works India producer, up by Rs3,600/mt, while for CG 99.5, the index rose by Rs1,267/mt to settle at Rs204,055/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs209,976/mt from Rs208,710/mt ex-works India producer, up by Rs1,266/mt.