The daily Davis Index for P1020 on Wednesday rose by Rs1,084/mt ($14.85/mt) to settle at Rs204,155/mt ex-works India producer after Balco and Hindalco revised their product prices.
Responding to the rise in the LME aluminium spot contact, Balco and Hindalco increased their product prices by Rs1,500/mt ($20.55/mt) and Rs1,750/mt ($23.97/mt), respectively, on Wednesday from June 5.
The official LME aluminium spot contract settled at $2,412.5/mt on Tuesday, up by $26.5/mt.
The daily Davis Index for ADC 12 settled at Rs206,611/mt ex-works India producer, up by Rs750/mt, while for CG 99.5, the index rose by Rs1,083/mt to settle at Rs203,738/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs209,660/mt from Rs208,576/mt ex-works India producer, up by R1,084/mt.