14 JUNE 2013Business Standard
Aluminium futures rise on global cues, spot demand
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up by 0.42 per cent to INR 107 per kg in futures trade on Thursday as participants enlarged their positions, supported by a firming overseas trend.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in June went up by INR 0.45, or 0.42 per cent, to INR107 per kg in business turnover of 392 lots.
Likewise, the metal for delivery in July traded higher marginally by INR 0.40, or 0.37 per cent, to INR 108.30 per kg in 42 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in June went up by INR 0.45, or 0.42 per cent, to INR107 per kg in business turnover of 392 lots.
Likewise, the metal for delivery in July traded higher marginally by INR 0.40, or 0.37 per cent, to INR 108.30 per kg in 42 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
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