The daily Davis Index for P1020 Friday rose by Rs750/mt ($10.25/mt) to settle at Rs146,855/mt from Rs146,105/mt ex-works India producer Thursday after Hindalco raised product prices by Rs2,250/mt ($30.75/mt) on Oct 9 from Oct 7.
Hindalco hiked P1020 prices to Rs151,500/mt from Rs149,250/mt on Oct 7 in line with uptick in LME aluminium prices. The spot aluminium prices on LME rose by $31/mt to settle at $1,786/mt on Oct 8 from $1,755/mt on Oct 6.
The Index for ADC 12 Friday settled at Rs148,411/mt from Thursday.
The index for CG99.5 Friday settled at Rs146,436/mt, up by Rs750/mt from Rs145,688/mt ex-works India producer Thursday.
The index for EC rod settled at Rs152,293/mt, up by Rs750/mt from Rs151,543/mt ex-works India producer Thursday.