13 MARCH 2013The Economic Times
Aluminium futures rise on spot demand, global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up by 0.33 per cent to Rs 106.45 per kg in futures trade on Wednesday as participants enlarged their positions, supported by a firming trend overseas.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March inched up by 35 paise, or 0.33 per cent, to Rs 106.45 per kg in business turnover of 1,814 lots.
Likewise, the metal for delivery in April traded higher marginally by 30 paise, or 0.28 per cent, to Rs 107.80 per kg in 135 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Meanwhile, aluminium climbed 1.5 per cent to $ 1,981.50 tonne on the London Metal Exchange.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March inched up by 35 paise, or 0.33 per cent, to Rs 106.45 per kg in business turnover of 1,814 lots.
Likewise, the metal for delivery in April traded higher marginally by 30 paise, or 0.28 per cent, to Rs 107.80 per kg in 135 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Meanwhile, aluminium climbed 1.5 per cent to $ 1,981.50 tonne on the London Metal Exchange.
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