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Aluminium futures rise on global cues, spot demand
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up by 0.66 per cent to Rs 114.35 per kg at futures market on the back of strong domestic demand and firm global cues.
At the Multi Commodity Exchange, aluminium for delivery in January gained 75 paise, or 0.66 per cent, to Rs 114.35 per kg, with a business turnover of 58 lots.
Similarly, the metal for delivery in December traded higher by 70 paise, or 0.62 per cent, to Rs 113.75 per kg, with a business turnover of 843 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 boosted by China manufacturing data for November month amid increasing demand from domestic consuming industries.
At the Multi Commodity Exchange, aluminium for delivery in January gained 75 paise, or 0.66 per cent, to Rs 114.35 per kg, with a business turnover of 58 lots.
Similarly, the metal for delivery in December traded higher by 70 paise, or 0.62 per cent, to Rs 113.75 per kg, with a business turnover of 843 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 boosted by China manufacturing data for November month amid increasing demand from domestic consuming industries.
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