The daily Davis Index for P1020 on Friday rose by Rs2,167/mt ($28.88/mt) to settle at Rs203,205/mt from Rs201,038/mt ex-works India producer after Balco and Hindalco revised their product prices on April 23. Earlier Balco and Hindalco had increased their product prices on April 20 from April 17.
The official LME aluminium spot contract settled a $2,373.5/mt on April 22 from $2,324/mt on April 19 up by $42.5/mt.
The daily Davis Index for ADC 12 settled at Rs203,736/mt from Rs201,861/mt ex-works India producer, up by Rs1,875/mt, while for CG 99.5, the index rose by Rs2,167/mt to settle at Rs202,788/mt from Rs200,621/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs208,710/mt from Rs206,543/mt ex-works India producer, up by Rs2,167/mt.