The Economic Times
Aluminium futures up on spot demand
Edited by : AL CIRCLE
1 min read
Aluminium futures prices rose by 0.31 per cent to Rs 112.60 per kg on Monday as speculators enlarged positions, supported by rising demand at spot markets and a firming trend overseas.
At the Multi Commodity Exchange, aluminium for delivery in February up by 35 paise, or 0.31 per cent, to Rs 112.60 per kg, with a business turnover of 660 lots.
Similarly, the metal for delivery in March traded 20 paise, or 0.18 per cent, higher at Rs 113.45 per kg, with a business turnover of 32 lots.
Marketmen said a pick-up in demand at spot markets and a firming trend in the global markets after data showing China and the US, world's two largest economies, are recovering, raised demand outlook for the metals, helped aluminium to trade higher at futures trade.
At the Multi Commodity Exchange, aluminium for delivery in February up by 35 paise, or 0.31 per cent, to Rs 112.60 per kg, with a business turnover of 660 lots.
Similarly, the metal for delivery in March traded 20 paise, or 0.18 per cent, higher at Rs 113.45 per kg, with a business turnover of 32 lots.
Marketmen said a pick-up in demand at spot markets and a firming trend in the global markets after data showing China and the US, world's two largest economies, are recovering, raised demand outlook for the metals, helped aluminium to trade higher at futures trade.
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