The daily Davis Index for P1020 on Thursday rose by Rs1,633/mt ($21.82/mt) to settle at Rs217,788/mt ex-works India producer after Nalco increased its product prices on July 7 from June 30 in sync with the advancement in the LME aluminium spot contract.
Responding to gain in the LME aluminium spot contract, Nalco raised its product prices by Rs4,900/mt ($65.49/mt) on July 7 from June 30.
The LME aluminium spot contract rose by $11/mt to settle at $2,529.5/mt on July 6 from June 29.
The daily Davis Index for ADC 12 settled at Rs220,686/mt ex-works India producer, up by Rs2,450/mt, while for CG 99.5, the index rose by Rs1,633/mt to settle at Rs217,371/mt ex-works India producer.
The daily Davis Index for EC Rod settled at Rs223,293/mt ex-works India producer up by Rs1,633/mt.