13 APRIL 2016www.economictimes.indiatimes.com
Aluminium futures gain on spot demand
Edited by : AL CIRCLE
1 min read
Aluminium prices in Indian market edged up by 40 paise to INR 101.30 per kg in futures trade today as participants enlarged positions, supported by a strong spot demand in the physical market.
In futures trading at the Multi Commodity Exchange, aluminium for delivery in May inched up by 40 paise, or 0.40 per cent, to INR 101.30 per kg, in a business turnover of two lots.
Likewise, the metal for delivery in current month traded higher by 30 paise, or 0.30 per cent, to INR 100 per kg in 187 lots.
Traders said increased domestic demand from consuming industries at the spot markets, helped aluminium futures to trade higher.
In futures trading at the Multi Commodity Exchange, aluminium for delivery in May inched up by 40 paise, or 0.40 per cent, to INR 101.30 per kg, in a business turnover of two lots.
Likewise, the metal for delivery in current month traded higher by 30 paise, or 0.30 per cent, to INR 100 per kg in 187 lots.
Traders said increased domestic demand from consuming industries at the spot markets, helped aluminium futures to trade higher.
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