10 APRIL 2013The Economic Times
Aluminium futures marginally up on global trends
Edited by : AL CIRCLE
1 min read
Aluminium prices today rose marginally by 0.24 per cent in futures trade mostly in line with a firming trend in the global markets.
Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in April rose by 25 paise, or 0.24 per cent, to Rs 102.80 per kg in business turnover of 267 lots.
Similarly, the metal for delivery in May traded higher by INR 0.20, or 0.19 per cent, to INR 104.30 per kg in 5 lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the global markets and rising demand at spot markets here.
Besides, increased demand at domestic spot markets also influenced prices. At the Multi Commodity Exchange, aluminium for delivery in April rose by 25 paise, or 0.24 per cent, to Rs 102.80 per kg in business turnover of 267 lots.
Similarly, the metal for delivery in May traded higher by INR 0.20, or 0.19 per cent, to INR 104.30 per kg in 5 lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the global markets and rising demand at spot markets here.
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