07 MAY 2014www.business-standard.com
Aluminium up 0.2% on firming overseas trend
Edited by : AL CIRCLE
1 min read
Aluminium prices today rose by 0.28% to INR 106.50 per kg in futures trade as speculators enlarged positions amid a firming trend overseas.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in May rose by 30 paise, or 0.28%, to INR 106.50 per kg in business turnover of 80 lots.
Similarly, the metal for delivery in June traded higher by 10 paise, or 0.09%, to INR 107.80 per kg in one lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange and rising demand at spot markets here.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in May rose by 30 paise, or 0.28%, to INR 106.50 per kg in business turnover of 80 lots.
Similarly, the metal for delivery in June traded higher by 10 paise, or 0.09%, to INR 107.80 per kg in one lots.
Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange and rising demand at spot markets here.
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