The Economic Times
Aluminium future prices in India rose by over one per cent
Edited by : AL CIRCLE
1 min read
Aluminium futures prices rose by over one per cent to Rs 117.35 per kg today as speculators enlarged positions, supported by a firming trend in base metals in the global markets.
At the Multi Commodity Exchange, aluminium for delivery in October rose by Rs 1.30, or 1.12 per cent, to Rs 117.35 per kg, with a business turnover of 277 lots.
Similarly, the metal for delivery in September traded Rs 1.10, or 0.95 per cent, higher at Rs 116.50 per kg, with a business turnover of 3,720 lots.
Marketmen said a firming trend in the entire base metals pack at the London Metal Exchange (LME) after the US Federal Reserve announced a fresh round of stimulus to revive the world's biggest economy, boosted demand outlook for the metals, influenced aluminium futures prices here.
Meanwhile, aluminium prices climbed 1.5 per cent at the LME.
At the Multi Commodity Exchange, aluminium for delivery in October rose by Rs 1.30, or 1.12 per cent, to Rs 117.35 per kg, with a business turnover of 277 lots.
Similarly, the metal for delivery in September traded Rs 1.10, or 0.95 per cent, higher at Rs 116.50 per kg, with a business turnover of 3,720 lots.
Marketmen said a firming trend in the entire base metals pack at the London Metal Exchange (LME) after the US Federal Reserve announced a fresh round of stimulus to revive the world's biggest economy, boosted demand outlook for the metals, influenced aluminium futures prices here.
Meanwhile, aluminium prices climbed 1.5 per cent at the LME.
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