The daily Davis Index for P1020 on Monday rose by Rs734/mt ($10.10/mt) to settle at Rs173,105/mt ex-works India producer after Nalco revised its product prices on February 13 on the back of the volatility in the spot aluminium prices on LME.
The official LME aluminium spot contract settled at $2,076/mt from $2,045.5/mt on February 9, up by $30.5/mt.
Nalco increased its prices by Rs2,200/mt ($30.29/mt) on Feb 13.
The daily Davis Index for ADC 12 settled at Rs176,161/mt ex-works India producer, up by Rs1,100/mt, while for CG 99.5, the index rose by Rs733/mt to settle at Rs172,688/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs178,610/mt ex-works India producer, up by Rs734/mt.