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.