08 SEPTEMBER 2015Business Standard
Aluminium rises by 0.3% on global cues
Edited by : AL CIRCLE
1 min read
Tracking firmness in base metals overseas coupled with strong demand at domestic spot markets, aluminium prices edged up 0.33% to INR 107.75 per kg in futures trade today as participants enlarged positions.
Marketmen said apart from increased domestic demand, a firming global trend ahead Chinese new data to be released tomorrow, influenced aluminium futures here.
At the Multi Commodity Exchange (MCX), aluminium for delivery this month inched up 35 paise, or 0.33%, to INR 107.75 per kg in a business turnover of 35 lots. Likewise, the metal for delivery in October traded higher by 25 paise, or 0.23%, to INR 108.80 per kg in six lots.
Marketmen said apart from increased domestic demand, a firming global trend ahead Chinese new data to be released tomorrow, influenced aluminium futures here.
At the Multi Commodity Exchange (MCX), aluminium for delivery this month inched up 35 paise, or 0.33%, to INR 107.75 per kg in a business turnover of 35 lots. Likewise, the metal for delivery in October traded higher by 25 paise, or 0.23%, to INR 108.80 per kg in six lots.
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