26 OCTOBER 2015economictimes.indiatimes.com
Aluminium futures rise, fuelled by global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices were up 0.90 per cent to INR 95.35 per kg in futures trade today as participants strengthened their exposure, supported by an upward trend overseas.
In addition, rising demand in the spot market influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in the current month edged up 85 paise, or 0.90 per cent, to INR 95.35 per kg in a business turnover of 4,593 lots.
Likewise, the metal for delivery in November traded marginally higher by 80 paise, or 0.83 per cent, to INR 97.10 per kg in a turnover of 763 lots.
Marketmen said besides increased domestic demand, a firming global trend in base metals mainly influenced prices in futures trade.
In addition, rising demand in the spot market influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in the current month edged up 85 paise, or 0.90 per cent, to INR 95.35 per kg in a business turnover of 4,593 lots.
Likewise, the metal for delivery in November traded marginally higher by 80 paise, or 0.83 per cent, to INR 97.10 per kg in a turnover of 763 lots.
Marketmen said besides increased domestic demand, a firming global trend in base metals mainly influenced 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
New Zealand Aluminium Smelters appeal Employment Court judgment
Next articleHalf of world’s aluminium smelters not profitable, price could fall below $1 200/t
Grow with
AL Circle
