The daily Davis Index for P1020 Thursday dropped by Rs533/mt ($7.27/mt) to settle at Rs146,105/mt from Rs146,638/mt, ex-works India producer Wednesday after Nalco reduced its product prices by Rs1,600/mt ($21.84/mt) on Oct 6 from Sep 30. Nalco reduced its P1020 prices to Rs147,750/mt ex-works India producer on Oct 6, down by Rs1,600/mt from Rs149,350/mt on Sep 30.
The spot aluminium prices on LME dropped by $4.5/mt to settle at $1,741.5/mt from $1,746/mt on September 29.
The Davis Index for ADC 12 Thursday settled at Rs148,411/mt down by Rs650/mt from Rs149,0161/mt ex-works India producer on Wednesday.
The index for CG99.5 Thursday settled at Rs145,688/mt down by Rs533/mt from Rs146,221/mt ex-works India producer on Tuesday.
The index for EC rod settled at Rs151,543/mt ex-works India producer, down by Rs533/mt from Rs152,143/mt on Wednesday.