The daily Davis Index for P1020 on Wednesday rose by Rs1,416/mt ($19.31/mt) ex-works India producer to settle at Rs152,211/mt after Balco and Hindalco increased their product prices by Rs1,500/mt($20.46/mt) and Rs1,250/mt($17.05mt), respectively.
Balco and Hindalco had earlier increased prices by Rs1,500/mt and Rs1,750/mt($mt), respectively, on October 13.
The spot aluminium prices on LME rose by $11.5/mt to settle at $1,841/mt on Tuesday from $1,829.5/mt on October 12.
The indexes for ADC 12 settled at Rs154,211/mt ex-works India producer, up by Rs1,500/mt and for CG99.5 settled at Rs151,805/mt ex-works India producer, up by Rs1,417/mt.
The daily Davis Index for EC rod settled at Rs157,726/mt ex-works India producer, up by Rs1,416/mt.