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Aluminium up 0.94 pc in futures trade
Edited by : AL CIRCLE
1 min read
Aluminium prices gained 0.94 per cent to Rs 106.90 per kg in futures market today on the back of pick-up in spot demand and a firming trend overseas.
At the Multi Commodity Exchange, aluminium for delivery in November rose by a rupee, or 0.94 per cent, to Rs 106.90 per kg, with a business turnover of 993 lots.
The metal for delivery in December rose by a similar margin to Rs 107.75 per kg, with a turnover of 25 lots. Market analysts said besides pick-up in spot demand, a firming trend in the overseas market mainly helped aluminium prices to trade higher at futures trade.
Meanwhile, aluminium rose by 0.9 per cent to USD 2,158.75 a tonne on the London Metal Exchange.
At the Multi Commodity Exchange, aluminium for delivery in November rose by a rupee, or 0.94 per cent, to Rs 106.90 per kg, with a business turnover of 993 lots.
The metal for delivery in December rose by a similar margin to Rs 107.75 per kg, with a turnover of 25 lots. Market analysts said besides pick-up in spot demand, a firming trend in the overseas market mainly helped aluminium prices to trade higher at futures trade.
Meanwhile, aluminium rose by 0.9 per cent to USD 2,158.75 a tonne on the London Metal Exchange.
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