The daily Davis Index for P1020 on Thursday rose by Rs583/mt ($7.85/mt) to settle at Rs214,121/mt ex-works India producer after Balco increased prices on July 29 from July 24 in sync with the progression in the LME aluminium spot contract.
Balco increased its product prices by Rs1,750/mt($23.56) on July 29 from July 24. The LME aluminium spot contract rose by $24/mt to settle at $2,416/mt on July 28 from $2,492/mt on July 23.
The daily Davis Index for ADC 12 settled at Rs216,811/mt ex-works India producer, up by Rs875/mt while for CG 99.5, the index rose by Rs584/mt to settle at Rs213,705/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs219,293/mt ex-works India producer up by Rs583/mt.