The daily Davis Index for P1020 on Thursday rose by Rs1,334/mt ($18.26/mt) to settle at Rs167,905/mt ex-works India producer after Hindalco rose its product prices on Tuesday in sync with the volatility in spot aluminium prices on LME.
The official LME spot contract settled at $2,025/mt on Jan 26 up by $49/mt from $1,976/mt on Jan 20.
Hindalco rose its product prices by Rs2,250/mt ($30.80/mt) on Jan 26.
The daily Davis Index for ADC 12 settled unchanged at Rs170,611/mt ex-works India producer, while for CG 99.5, the index rose by Rs1,333/mt to settle at Rs167,488/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs173,410/mt from Rs172,076/mt ex-works India producer, up by Rs1,334/mt.