22 MARCH 2013The Economic Times
Aluminium futures rise on spot demand, overseas cues
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up by 0.53 per cent to INR 104.60 per kg in futures trade today as participants enlarged their positions, supported by a firming trend overseas.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March inched up by INR 0.55, or 0.53 per cent, to INR 104.60 per kg in business turnover of 463 lots.
Likewise, the metal for delivery in April traded higher marginally by INR 0.55, or 0.52 per cent, to INR 106.30 per kg in 38 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Meanwhile, aluminium climbed 0.1 per cent to USD 1,939 tonne on the London Metal Exchange.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March inched up by INR 0.55, or 0.53 per cent, to INR 104.60 per kg in business turnover of 463 lots.
Likewise, the metal for delivery in April traded higher marginally by INR 0.55, or 0.52 per cent, to INR 106.30 per kg in 38 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Meanwhile, aluminium climbed 0.1 per cent to USD 1,939 tonne on the London Metal Exchange.
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