The daily Davis Index for P1020 on Thursday rose by Rs1,000/mt ($13.40/mt) to settle at Rs189,838 ex-works India producer after Balco and Hindalco revised their product prices on April 8 on the back of the volatility in the spot aluminium prices on LME.
The official LME aluminium spot contract settled a $2,239.5/mt on April 7 from $2,247/mt on April 6, down by $7.5/mt.
Hindalco and Balco rose their product prices by Rs1,500/mt($20.10/mt) each on April 8.
The daily Davis Index for ADC 12 settled at Rs190,536/mt ex-works India producer, up by Rs750/mt, while for CG 99.5, the index rose by Rs1,000/mt to settle at Rs189,421/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs195,343/mt ex-works India producer, up by Rs1,000/mt.