Business Standard
Aluminium rises by 0.4% on rising demand
Edited by : AL CIRCLE
1 min read
Aluminium prices were up by 0.39% to INR 103.20 per kg in futures trade as traders enlarged positions, driven by pick up in demand at the spot market amid firm global trend.
At the Multi Commodity Exchange, aluminium for delivery in March month moved up by 40 paise, or 0.39% to INR 103.20 per kg in business turnover of 10 lots.
Likewise, the metal for delivery in February contracts edged up by 30 paise or 0.29% to INR 102.40 per kg in 92 lots.
Analysts said increasing of positions by participants due to pick up in demand from consuming industries at domestic spot markets and a firm global trend mainly led to rise in aluminium prices at futures trade.
Meanwhile, aluminum gained 0.3% at the London Metal Exchange.
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