29 FEBRUARY 2016Business Standard
Aluminium futures inches up 0.14% on spot demand, global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up 0.14 per cent to INR 108.34 per kg in futures trade today as participants enlarged positions, supported by strong demand in the spot markets and a better trend in the base metals pack at the London Metal Exchange (LME).
Aluminium for delivery in March inched up 15 paise, or 0.14 per cent, to INR 108.35 per kg in a business turnover of 49 lots in futures trade at Multi Commodity Exchange. Likewise, the metal for delivery in February traded higher five paise, or 0.05 per cent, to INR 108.40 per kg in 64 lots.
Marketmen said increased domestic demand and metals strength at the LME after data, helped aluminium futures trade higher.
Globally, aluminium was up 0.3 per cent at USD 1,565 per tonne at the LME.
Aluminium for delivery in March inched up 15 paise, or 0.14 per cent, to INR 108.35 per kg in a business turnover of 49 lots in futures trade at Multi Commodity Exchange. Likewise, the metal for delivery in February traded higher five paise, or 0.05 per cent, to INR 108.40 per kg in 64 lots.
Marketmen said increased domestic demand and metals strength at the LME after data, helped aluminium futures trade higher.
Globally, aluminium was up 0.3 per cent at USD 1,565 per tonne at the LME.
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