01 OCTOBER 2015The Economic Times
Aluminium futures rise on positive global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices were up 0.73 per cent to INR 103.20 per kg in futures trade today as participants strengthened their positions, supported by an upward trend in base metals pack overseas. Besides, firm demand at the spot market also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in the current month edged up 75 paise, or 0.73 per cent, to INR 103.20 per kg in a business turnover of 464 lots. Also, the metal for delivery in November was trading up 65 paise, or 0.63 per cent higher, at INR 104.30 per kg in a turnover of 4 lots.
Marketmen said, apart from increased domestic demand, a firming global trend in base metals after China's official factory gauge stabilised around a three-year low, showing signs of manufacturing recovery in the world's largest consumer of metals, influenced aluminium prices at futures trade here.
At the Multi Commodity Exchange, aluminium for delivery in the current month edged up 75 paise, or 0.73 per cent, to INR 103.20 per kg in a business turnover of 464 lots. Also, the metal for delivery in November was trading up 65 paise, or 0.63 per cent higher, at INR 104.30 per kg in a turnover of 4 lots.
Marketmen said, apart from increased domestic demand, a firming global trend in base metals after China's official factory gauge stabilised around a three-year low, showing signs of manufacturing recovery in the world's largest consumer of metals, influenced aluminium prices at futures trade here.
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