22 MARCH 2016The Economic Times
Aluminium futures firm up on global trend
Edited by : AL CIRCLE
1 min read
Aluminium futures traded higher at INR100.20 per kg, largely in tandem with a firming trend in base metals at the London Metal Exchange (LME).
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery this month rose 15 paise to INR100.20 per kg in a business turnover of 183 lots. Metal for delivery in April also rose by a similar margin to trade at INR102.15 per kg in 10 lots.
Market analysts said the rise in aluminium prices in futures trade was mostly due to a firming trend in base metals at the LME and rising demand at the domestic spot market here.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery this month rose 15 paise to INR100.20 per kg in a business turnover of 183 lots. Metal for delivery in April also rose by a similar margin to trade at INR102.15 per kg in 10 lots.
Market analysts said the rise in aluminium prices in futures trade was mostly due to a firming trend in base metals at the LME and rising demand at the domestic spot market here.
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