07 APRIL 2015Business Standard
Aluminium gains by 0.4% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices gained 0.41% to INR 111.55 per kg in futures trade as speculators enlarged positions amid positive cues from global markets.
Besides, increased demand at domestic spot markets influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in April rose by 45 paise, or 0.41%, to INR 111.55 per kg in a business turnover of 265 lots.
Also, the metal for delivery in May traded higher by 40 paise, or 0.36%, to INR 112.25 per kg in five lots.
Market analysts said the rise in aluminium prices at futures trade was due to a firming trend in copper and other base metals at the London Metal Exchange where trading resumed after the Easter holidays amid rising demand at spot markets here.
Besides, increased demand at domestic spot markets influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in April rose by 45 paise, or 0.41%, to INR 111.55 per kg in a business turnover of 265 lots.
Also, the metal for delivery in May traded higher by 40 paise, or 0.36%, to INR 112.25 per kg in five lots.
Market analysts said the rise in aluminium prices at futures trade was due to a firming trend in copper and other base metals at the London Metal Exchange where trading resumed after the Easter holidays amid rising demand at spot markets here.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Qatalum at AMPS conference wins award for Quality
Next articleAluminum Association applauds DOE's lofty loan
Grow with
AL Circle
