The daily Davis Index for P1020 Thursday dropped by Rs1,417/mt ($19.04/mt) to settle at Rs153,221/mt ex-works India producer Wednesday after Hindalco and Balco dropped their product prices in sync with the spot aluminium prices on LME on October 27.

 

Hindalco’s P1020 price dropped to Rs154,250/mt down by Rs2,250/mt ($30.24/mt) ex-India producer on October 28 while Balco dropped to Rs154,750/mt ex-works India producer down by Rs2,000/mt($26.88/mt) from Rs156,750/mt ex-India producer. 

 

The daily Davis Indexes for ADC 12 settled at Rs156,586/mt ex-works India producer, down by Rs1,000/mt and for CG 99.5 dropped by Rs1,416/mt to Rs152,805/mt ex-works India producer. 

 

The daily index for EC rod dropped by Rs1,417mt to settle at Rs158,726/mt from Rs160,143/mt ex-works India producer on Wednesday.

 

($1=Rs74.39)

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