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Aluminium futures rise on global cues, spot demand
Edited by : AL CIRCLE
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Tracking a firming trend in base metals in the global markets and rising spot market demand, aluminium prices edged up by 0.72 per cent to Rs 105.15 per kg at futures market.
At the Multi Commodity Exchange, aluminium for delivery in October shot-up by 75 paise, or 0.72 per cent, to Rs 105.15 per kg, with a business turnover of 668 lots.
Similarly, the metal for delivery in November traded higher by 70 paise, or 0.66 per cent, to Rs 106.25 per kg, with a business turnover of 74 lots.
Marketmen said the rise in aluminium prices at futures trade was in line with a firming trend in base metals at the London Metal Exchange (LME) after data showed China's industrial production, retail sales and fixed-asset investment accelerated in September, raising demand outlook.
At the Multi Commodity Exchange, aluminium for delivery in October shot-up by 75 paise, or 0.72 per cent, to Rs 105.15 per kg, with a business turnover of 668 lots.
Similarly, the metal for delivery in November traded higher by 70 paise, or 0.66 per cent, to Rs 106.25 per kg, with a business turnover of 74 lots.
Marketmen said the rise in aluminium prices at futures trade was in line with a firming trend in base metals at the London Metal Exchange (LME) after data showed China's industrial production, retail sales and fixed-asset investment accelerated in September, raising demand outlook.
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