Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The daily Davis Index for P1020 Monday rose by Rs967/mt ($12.92/mt) to Rs141,755/mt from Rs140,788/mt prior Friday after Nalco increased product prices by Rs2,900/mt effective from July 24. The other two primary aluminium producers, Hindalco and Balco, too have increased prices on July 24, in line with the spot aluminium prices on LME. 

Hindalco and Balco increased prices by Rs2,000/mt and Rs1,750/mt, respectively, on July 24 from July 17. The LME spot aluminium prices rose by $34/mt to $1,661/mt on July 23 from $1,627/mt on July 16.

Nalco’s P1020 price rose to Rs143,950/mt on July 24 from Rs141,050/mt on July 18, up by Rs2,900/mt.

The Davis Index for ADC 12 Monday settled at Rs144,636/mt ex-works India producer from Rs143,186/mt Friday, up by Rs1,450/mt($19.39/mt) 

The index for CG99.5 Monday settled at Rs141,338/mt ex-works India producer from Rs140,371/mt Friday, up by Rs967/mt.

The index for EC rod Monday settled at Rs147,260/mt ex-works India producer from Rs146,293/mt, up by Rs967/mt.

($1= Rs74.80) 

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