The daily Davis Index for P1020, Monday, rose by Rs666/mt ($9.11/mt) to settle at Rs225,871/mt ex-works India producer after Hindalco raised product prices by Rs2,000/mt($27.36/mt) on Sep 3 from Sep 1.
The LME spot aluminium contract settled at $2,694.5/mt on Sep 2 from $2,667.5/mt on Sep 1, up by $27/mt.
The daily Davis Index for ADC 12 settled unchanged at Rs228,561/mt ex-works India producer. The index for CG 99.5 gained Rs667/mt to settle at Rs225,455/mt ex-works India producer. The daily Davis Index for EC Rod increased by Rs667/mt to settle at Rs231,043/mt ex-work India producer.