The daily Davis Index for P1020 on Friday rose by Rs750/mt ($10.12/mt) to Rs167,755/mt ex-works India producer after primary producer in India revised its prices upwards in line with a rise in spot aluminium prices on LME. The official LME spot contract settled at $1,978/mt on Wednesday up by $33.5/mt.
Hindalco revised their P1020 prices to Rs170,000/mt Nov19, up by Rs2,250/mt. Earlier, Balco and Nalco had revised their product prices.
The daily Davis Index for ADC 12 remained unchanged at Rs170,211/mt ex-works India producer and the CG 99.5 was up by Rs750/mt to Rs167,138/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs173,060/mt, up by Rs750/mt from Rs172,310/mt ex-works India producer on Nov 18.
($1=Rs74.10)