13 OCTOBER 2015The Economic Times
Aluminium futures rise, fuelled by global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices went up 0.73 per cent to INR 103.50 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas. In addition, strong demand in the spot market also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in the current month inched up 75 paise, or 0.73 per cent, to INR 103.20 per kg in a business turnover of 324 lots.
Likewise, the metal for delivery in November traded marginally higher by 70 paise, or 0.67 per cent, to INR 105 per kg in a turnover of 12 lots.
Marketmen said apart from increased domestic demand, a firming global trend in the base metals, mainly influenced metal prices in futures trade.
At the Multi Commodity Exchange, aluminium for delivery in the current month inched up 75 paise, or 0.73 per cent, to INR 103.20 per kg in a business turnover of 324 lots.
Likewise, the metal for delivery in November traded marginally higher by 70 paise, or 0.67 per cent, to INR 105 per kg in a turnover of 12 lots.
Marketmen said apart from increased domestic demand, a firming global trend in the base metals, mainly influenced metal prices in futures trade.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Nalco’s team to visit Middle East to study world-class aluminium industry practices
Next articleUC Rusal approves first dividend payout
Grow with
AL Circle
