The daily Davis Index for P1020 on Monday rose by Rs3,350/mt ($45.14/mt) and settled at Rs205,038/mt ex-works India producer after Hindalco and Nalco raised their product prices on June 26 and June 25, from June 24 and June 22, respectively.
A jump in the LME aluminium spot contract resulted in primary producer, Hindalco to increase its product prices by Rs4,500/mt ($60.65/mt) on June 26 driven by a $64.5/mt gain in the LME aluminium spot on June 26 from June 23. Nalco increased its product prices by Rs3,800/mt ($51.21/mt) on June 25 on the back of the $44/mt gain in LME aluminium spot on June 24 from June 21.
The LME aluminium spot contract rose by $64.5/mt to settle at $2,452/mt on June 25 from June 23.
The daily Davis Index for ADC 12 settled at Rs206,186/mt ex-works India producer, up by Rs1,900/mt The index for CG 99.5 rose by Rs3,350/mt to settle at Rs204,621/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs210,543/mt up by Rs3,350/mt.