30 DECEMBER 2014Business Standard
Aluminium up 0.3% on global cues, spot demand
Edited by : AL CIRCLE
1 min read
Taking positive cues from overseas markets and rising spot demand, aluminium futures prices rose by 0.30% to INR 117.35 per kg today as traders created fresh positions.
At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 35 paise, or 0.30%, to INR 117.35 per kg, with a business turnover of 200 lots.
Metal for delivery in January 2015 contracts rose by a similar margin to trade at INR 118.25 per kg in business turnover of 67 lots.
Market participants said besides rising demand at domestic spot markets, a firming trend in metal at the London Metal Exchange (LME), helped aluminium futures to trade higher.
At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 35 paise, or 0.30%, to INR 117.35 per kg, with a business turnover of 200 lots.
Metal for delivery in January 2015 contracts rose by a similar margin to trade at INR 118.25 per kg in business turnover of 67 lots.
Market participants said besides rising demand at domestic spot markets, a firming trend in metal at the London Metal Exchange (LME), helped aluminium futures to trade higher.
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