The daily Davis Index for P1020 on Monday rose by Rs500/mt ($6.91/mt) to settle at Rs183,071/mt ex-works India producer after Nalco revised its product prices on March 20 on the back of the volatility in the spot aluminium prices on LME.
The official LME aluminium spot contract settled at $2,188/mt March 19 from $2,154.5/mt Feb 26, up by $33.5/mt.
Nalco increased its product prices by Rs1,500/mt($20.73/mt). Earlier, Hindalco and Balco had raised their product prices by Rs2,250-2,500/mt on March 18.
The daily Davis Index for ADC 12 settled at Rs185,486/mt ex-works India producer, up by Rs750/mt, while for CG 99.5, the index rose by Rs500/mt to settle at Rs182,655/mt from Rs182,155/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs188,576/mt ex-works India producer, up by Rs500/mt.