The daily Davis Index for P1020 Friday rose by Rs417/mt ($5.56/mt) to settle at Rs148,888/mt up from Rs147,471/mt ex-works India producer on Thursday. Hindalco increased its product prices by Rs1,250($16.69/mt) on Friday from Thursday in line with the changes in spot aluminium prices. Balco and Hindalco had increased their product prices by Rs1,250/mt ($16.69) on Thursday, August 20.
The third aluminium producer, Nalco, has not increased prices after increasing it by Rs1,300/mt on August 14.
Hindalco increased its P1020 price to Rs151,750/mt on August 21 from August 20. Balco and Nalco have not responded to the recent changes on LME.
The Index for ADC 12 Friday settled unchanged at Rs151,336/mt, ex-works India producer on Thursday. The index for CG99.5 on Friday settled at Rs148,471/mt, up by Rs416/mt from Rs148,055/mt ex-works India producer Thursday
The index for EC rod Friday settled at Rs154,476/mt, up by Rs416/mt from Rs154,060/mt ex-works India producers Thursday.
The spot aluminium prices on LME rose to $1,755.5/mt on August 20 from $1,746.5/mt on August 19, up by $9/mt