20 NOVEMBER 2013Business Standard
Aluminium futures rise on spot demand, overseas cues
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up by 0.18% to INR 108.90 per kg in futures trade today as participants enlarged positions, supported by a firming overseas trend.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in November inched up by 20 paise, or 0.18%, to INR 108.90 per kg in business turnover of 53 lots.
The metal for delivery in December traded higher by a similar margin at INR 110.70 per kg in a business volume of 16 lots.
Marketmen said apart from increased domestic demand, a firming trend in the base metals overseas, helped aluminium futures to trade higher.
Strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in November inched up by 20 paise, or 0.18%, to INR 108.90 per kg in business turnover of 53 lots.
The metal for delivery in December traded higher by a similar margin at INR 110.70 per kg in a business volume of 16 lots.
Marketmen said apart from increased domestic demand, a firming trend in the base metals overseas, helped aluminium futures to trade higher.
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