05 SEPTEMBER 2014Business Standard
Aluminium up by 0.2% on global trends
Edited by : AL CIRCLE
1 min read
Aluminium prices were up by 0.24% in futures trade today as speculators created positions, tracking a firming trend in the global markets.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in current month rose by 30 paise, or 0.24%, to INR 125.50 per kg in a business turnover of 181 lots.
The metal for delivery in October also rose by a similar margin to trade at INR 126.50 per kg in 14 lots.
Analysts said the rise in aluminium prices at futures trade was mostly due to a firming trend in global markets after data signalled improving economic conditions in the US and China, the biggest metals consumers.
Besides, increased demand at domestic spot markets also influenced prices.
At the Multi Commodity Exchange, aluminium for delivery in current month rose by 30 paise, or 0.24%, to INR 125.50 per kg in a business turnover of 181 lots.
The metal for delivery in October also rose by a similar margin to trade at INR 126.50 per kg in 14 lots.
Analysts said the rise in aluminium prices at futures trade was mostly due to a firming trend in global markets after data signalled improving economic conditions in the US and China, the biggest metals consumers.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Smelters need support to survive
Next articleAluminum shipments to Oswego to increase
Grow with
AL Circle
