02 JANUARY 2014Business Standard
Aluminium moves up 0.73 pc in futures trade on spot demand
Edited by : AL CIRCLE
1 min read
Aluminium prices moved up by 0.73 per cent to INR 110.90 per kg in futures market today as speculators enlarged positions on the back of increased demand from consuming industries in the spot market.
At the Multi Commodity Exchange, aluminium for delivery in January moved up by 80 paise, or 0.73 per cent, to INR 110.90 per kg in a business turnover of 573 lots.
Similarly, the metal for delivery in February traded higher by 30 paise, or 0.27 per cent, to INR 112.15 per kg in 13 lots.
Analysts said speculators enlarged their positions on the back of increased demand from consuming industries in the spot market which mainly helped aluminium prices to trade higher at futures trade.
At the Multi Commodity Exchange, aluminium for delivery in January moved up by 80 paise, or 0.73 per cent, to INR 110.90 per kg in a business turnover of 573 lots.
Similarly, the metal for delivery in February traded higher by 30 paise, or 0.27 per cent, to INR 112.15 per kg in 13 lots.
Analysts said speculators enlarged their positions on the back of increased demand from consuming industries in the spot market which mainly helped aluminium prices to trade higher at futures trade.
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