16 JULY 2015Business Standard
Aluminium rises by 0.4% on global cues
Edited by : AL CIRCLE
1 min read
Taking positive cues from global market and strong demand at domestic spot markets, aluminium prices edged up 0.38% to INR 106.65 per kg in futures trade today as participants enlarged positions.
Marketmen said apart from increased domestic demand, a firming global trend as Chinese economic data came in ahead of estimates, boosting demand prospects in the world's biggest consumer of base metals, helped aluminium futures to trade higher.
At the Multi Commodity Exchange, aluminium for delivery this month inched up by 40 paise, or 0.38%, to INR 106.65 per kg in a business turnover of 112 lots.
Likewise, the metal for delivery in August traded higher by 30 paise, or 0.28%, to INR 108.35 per kg in five lots.
Marketmen said apart from increased domestic demand, a firming global trend as Chinese economic data came in ahead of estimates, boosting demand prospects in the world's biggest consumer of base metals, helped aluminium futures to trade higher.
At the Multi Commodity Exchange, aluminium for delivery this month inched up by 40 paise, or 0.38%, to INR 106.65 per kg in a business turnover of 112 lots.
Likewise, the metal for delivery in August traded higher by 30 paise, or 0.28%, to INR 108.35 per kg in five lots.
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