The daily Davis Index for P1020 Thursday rose by Rs500/mt ($6.78/mt) ex-works India producer to settle at Rs154,055/mt after Balco increased their product prices in line rise in the spot aluminium prices on LME on October 21.
Balco’s P1020 price rose to Rs156,750/mt, up by Rs1,500/mt($20.35/mt) from Rs155,250/mt ex-India producer on October 21.
The daily Davis Index for ADC 12 by Rs750/mt to settle at Rs157,586/mt from Rs156,836/mt ex-works India producer on October 21.
The daily Davis Indexes for CG 99.5 rose by Rs500/mt to Rs153,638/mt ex-works India producer and for EC rod rose by Rs500/mt to settle at Rs159,560/mt ex-works India producer.
The LME spot aluminium prices rose to $1,842.5/mt on October 21, up by $16.5/mt from $1,826/mt October 20.