The daily Davis Index for P1020 on Monday rose by Rs2,500/mt ($33.64/mt) to settle at Rs216,155/mt ex-works India producer after Balco and Hindalco increased their product prices on July 3 from July 2 on a gain in the LME aluminium spot contract.
Balco and Hindalco raised their product prices by Rs4,000/mt ($53.82/mt) and Rs3,500/mt ($47.10/mt), respectively, on July 3 from July 2.
The LME aluminium spot contract increased by $38.5/mt to settle at $2,519.5/mt on July 2 from July 1.
The daily Davis Index for ADC 12 settled at Rs218,236/mt ex-works India producer, up by Rs2,000/mt, while for CG 99.5, the index rose by Rs2,500/mt to settle at Rs215,738/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs221,660/mt ex-works India producer up by Rs2,500/mt.