25 FEBRUARY 2015Business Standard
Aluminium up by 0.2% on high demand
Edited by : AL CIRCLE
1 min read
Aluminium futures edged higher by 0.23% to INR 111 per kg today after speculators enlarged positions amid pick-up in demand at spot markets.
Furthermore, a firming trend in metal at the London Metal Exchange (LME) on fall in its inventories supported the upside.
At the Multi Commodity Exchange, aluminium for delivery in February rose 25 paise, or 0.23%, to INR 111 per kg, with a business turnover of 184 lots.
The metal for delivery in March also gained 20 paise, or 0.18%, to trade at INR 111.95 per kg in a turnover of 13 lots.
Marketmen said a firm trend in the metal at spot markets on increased demand from consuming industries and firming trend at the LME influenced aluminium prices at futures trade here.
In the international market, aluminium rose as much as 0.5%, the first gain in four days at the LME after inventories of the metal tracked by the exchange showed it had fallen to the lowest since May 2009.
Furthermore, a firming trend in metal at the London Metal Exchange (LME) on fall in its inventories supported the upside.
At the Multi Commodity Exchange, aluminium for delivery in February rose 25 paise, or 0.23%, to INR 111 per kg, with a business turnover of 184 lots.
The metal for delivery in March also gained 20 paise, or 0.18%, to trade at INR 111.95 per kg in a turnover of 13 lots.
Marketmen said a firm trend in the metal at spot markets on increased demand from consuming industries and firming trend at the LME influenced aluminium prices at futures trade here.
In the international market, aluminium rose as much as 0.5%, the first gain in four days at the LME after inventories of the metal tracked by the exchange showed it had fallen to the lowest since May 2009.
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