The daily Davis Index for P1020 on Thursday rose by Rs1,333/mt ($18.36/mt) to settle at Rs174,338/mt ex-works India producer after Hindalco and Balco revised their product prices on the back of the volatility in the spot aluminium prices on LME.
The official LME aluminium spot contract settled at $2,096.5/mt on Feb 18 from $2,070.5/mt on Feb 11, up by $26/mt.
Primary aluminium producers, Hindalco and Balco, rose their prices by Rs2,000/mt($27.55/mt) on Thursday.
The daily Davis Index for ADC 12 settled at Rs177,161/mt ex-works India producer, up by Rs1,000/mt, while for CG 99.5, the index rose by Rs1,333/mt to settle at Rs174,021/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs179,943/mt ex-works India producer, up by Rs1,333/mt.