The daily Davis Index for P1020 on Thursday dropped by Rs1,850/mt ($25.03/mt) to Rs165,505/mt ex-works India producer after three primary producers in India revised their prices in line with the drop in spot aluminium prices on LME.
The official LME spot contract settled at $1,967/mt from $1,978/mt on Nov 18, down by $11/mt.
Nalco reduced P1020 prices by Rs1,800/mt to Rs168,500/mt on Nov 26.
Balco reduced its product prices by Rs1,750/mt on Nov 25 from Nov 19, to Rs167,750/mt, while Hindalco dropped prices to Rs168,000/mt, down by Rs2,000/mt.
The daily Davis Index for ADC 12 settled at Rs168,436/mt ex-works India producer, down by Rs1,775/mt. The CG 99.5 was down by Rs1,850/mt to Rs165,288/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs171,210/mt ex-works India producer, down by Rs1,850/mt.
($1=Rs73.88)