16 FEBRUARY 2016Business Standard
Aluminium futures at MCX up 0.78% on rising demand, global cues
Edited by : AL CIRCLE
1 min read
Aluminium remained firm and prices gained 0.78 per cent to INR 103.40 per kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on surging demand.
At the Multi Commodity Exchange, aluminium for delivery in February month traded higher by 80 paise or 0.78 per cent to INR 103.40 per kg in a business turnover of 2354 lots.
Similarly, the metal for delivery in March contracts edged up by 65 paise or 0.63 per cent to INR 103.35 per kg in 252 lots.
Market analysts said increase in positions by traders on the back of pick up in demand from consuming industries at domestic spot markets and a firming trend in base metals in the overseas markets kept aluminium prices higher at futures trade.
At the Multi Commodity Exchange, aluminium for delivery in February month traded higher by 80 paise or 0.78 per cent to INR 103.40 per kg in a business turnover of 2354 lots.
Similarly, the metal for delivery in March contracts edged up by 65 paise or 0.63 per cent to INR 103.35 per kg in 252 lots.
Market analysts said increase in positions by traders on the back of pick up in demand from consuming industries at domestic spot markets and a firming trend in base metals in the overseas markets kept aluminium prices higher at futures trade.
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