The daily Davis Index for P1020 Wednesday rose by Rs417/mt ($5.68/mt) to settle at Rs146,638/mt ex-works India producer following price hike by primary producer Hindalco in sync with LME aluminium gains.

 

Hindalco raised P1020 prices to Rs149,250/mt ex-works India producer on Wednesday Oct 7, up by Rs1,250/mt from Rs148,000/mt on Tuesday Oct 6.

 

The spot aluminium prices on LME rose by $13.5/mt to settle at $1,755/mt on Oct 6 from $1,7141.5/mt on Oct 5.

 

The Davis Index for ADC 12 Wednesday settled unchanged at Rs149,0161/mt ex-works India producer on Tuesday.

 

The index for CG99.5 Wednesday settled at Rs146,221/mt ex-works India producer, up by Rs416/mt from Rs145,805/mt ex-works India producer on Tuesday.

 

The index for EC rod settled at Rs152,143/mt ex-works India producer, up by Rs417/mt from Rs151,726/mt ex-works India producers on Tuesday.

($1= Rs73.33)

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