19 MARCH 2014Business Standard
Aluminium up 0.2% on global trends
Edited by : AL CIRCLE
1 min read
Aluminium prices today rose marginally by 0.24% in futures trade mostly in line with a firming trend in the global markets.
Further, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in March rose by 25 paise, or 0.24%, to INR 103.85 per kg in business turnover of 50 lots.
Similarly, the metal for delivery in April traded higher by 20 paise, or 0.19%, to INR 105.50 per kg in four lots.
Analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the global markets and rising demand at spot markets here.
Further, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in March rose by 25 paise, or 0.24%, to INR 103.85 per kg in business turnover of 50 lots.
Similarly, the metal for delivery in April traded higher by 20 paise, or 0.19%, to INR 105.50 per kg in four lots.
Analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the global markets and rising demand at spot markets here.
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