The Economic Times
Aluminium futures marginally up on spot demand
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up by 0.13 per cent to Rs 115.75 per kg at futures market as speculators created fresh positions, supported by rising demand at spot markets even as metal weakened overseas.
At the Multi Commodity Exchange, Aluminium for delivery in January gained 15 paise, or 0.13 per cent, to Rs 115.75 per kg, with a business turnover of 26 lots.
The metal for delivery in December traded higher by 5 paise, or 0.04 per cent, to Rs 114.90 per kg, with a business turnover of 1,040 lots.
Marketmen said the rise in aluminium prices at futures trade was mostly supported by a pick up in demand at spot markets but metal's weakness at the London Metal Exchange capped the gains.
At the Multi Commodity Exchange, Aluminium for delivery in January gained 15 paise, or 0.13 per cent, to Rs 115.75 per kg, with a business turnover of 26 lots.
The metal for delivery in December traded higher by 5 paise, or 0.04 per cent, to Rs 114.90 per kg, with a business turnover of 1,040 lots.
Marketmen said the rise in aluminium prices at futures trade was mostly supported by a pick up in demand at spot markets but metal's weakness at the London Metal Exchange capped the gains.
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