16 JANUARY 2014The Economic Times
Aluminium futures rise on spot demand, global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices went up by 0.32 per cent to INR 108.15 per kg in futures trade today 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 January inched up by 35 paise, or 0.32 per cent, to INR 108.15 per kg in business turnover of 226 lots.
The metal for delivery in February rose by a similar margin to INR 109.70 per kg in 13 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 January inched up by 35 paise, or 0.32 per cent, to INR 108.15 per kg in business turnover of 226 lots.
The metal for delivery in February rose by a similar margin to INR 109.70 per kg in 13 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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