03 JULY 2012The Economic Times
Aluminium rises marginally in futures market
Edited by : AL CIRCLE
1 min read
Aluminium prices rose by 0.24 per cent to Rs 103.35 per kg in the futures market today in line with a firming trend in base metals at the London Metal Exchange and a pick-up in demand at the spot markets.
At the Multi Commodity Exchange, aluminium for delivery in June rose by 25 paise, or 0.24 per cent, to Rs 103.35 per kg, with a turnover of 182 lots.
The metal for July delivery rose by 15 paise, or 0.23 per cent, to Rs 105.20 per kg, with a turnover of 168 lots.
Globally, aluminum gained 1 per cent to USD 1,864 per tonne at the London Metal Exchange ( LME).
Market analysts said besides covering-up of short positions by speculators, rising spot demand and a firming trend in global markets, supported the upside in aluminium futures here.
At the Multi Commodity Exchange, aluminium for delivery in June rose by 25 paise, or 0.24 per cent, to Rs 103.35 per kg, with a turnover of 182 lots.
The metal for July delivery rose by 15 paise, or 0.23 per cent, to Rs 105.20 per kg, with a turnover of 168 lots.
Globally, aluminum gained 1 per cent to USD 1,864 per tonne at the London Metal Exchange ( LME).
Market analysts said besides covering-up of short positions by speculators, rising spot demand and a firming trend in global markets, supported the upside in aluminium futures here.
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