The daily Davis Index for P1020 Friday rose by Rs583/mt ($7.91/mt) to settle at Rs154,638/mt from Rs154,055/mt ex-works India producer Thursday after Hindalco increased their product prices in line rise in the spot aluminium prices on LME on October 21 from October 20.
The daily Davis Indexes for ADC 12 remained unchanged at Rs157,586/mt ex-works India producer and for CG 99.5 rose by Rs583/mt ex-works India producer to Rs154,221/mt. The daily Davis Index for EC rod rose by Rs583/mt to settle at Rs160,143/mt ex-works India producer.
The LME spot aluminium prices rose to $1,842.5/mt, up by $16.5/mt from $1,826/mt October 21.
($1=Rs73.66)