19 JUNE 2015Business Standard
Aluminium futures marginally up on global cues, spot demand
Edited by : AL CIRCLE
1 min read
Aluminium futures traded a shade higher at INR 106.90 per kg today as participants strengthened their positions, supported by an upward trend overseas.
Further, a rising demand at the domestic spot market also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in June inched up by 15 paise, or 0.14 per cent, to INR 106.90 per kg in a business turnover of 558 lots.
Likewise, the metal for delivery in July traded marginally higher by 10 paise, or 0.09 per cent, to INR 108.65 per kg in 71 lots.
Marketmen said apart from an increased domestic demand, a firming global trend in the base metals pack at the London Metal Exchange , mainly influenced metal prices at futures trade here.
63.78 INR =1 $ (Dollar)
Further, a rising demand at the domestic spot market also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in June inched up by 15 paise, or 0.14 per cent, to INR 106.90 per kg in a business turnover of 558 lots.
Likewise, the metal for delivery in July traded marginally higher by 10 paise, or 0.09 per cent, to INR 108.65 per kg in 71 lots.
Marketmen said apart from an increased domestic demand, a firming global trend in the base metals pack at the London Metal Exchange , mainly influenced metal prices at futures trade here.
63.78 INR =1 $ (Dollar)
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