16 SEPTEMBER 2015www.business-standard.com
Aluminium up by 0.3% as spot demand hardens
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up by 0.28% to INR 107.25 per kg in futures trade today as participants enlarged positions amid a firming trend overseas. Besides, strong demand in spot markets influenced metal prices.
At Multi Commodity Exchange, aluminium for delivery in the current month inched up 30 paise, or 0.28%, to INR 107.25 per kg in a business turnover of 212 lots.
Metal for delivery in October contracts also rose by a similar margin to trade at INR 108 per kg in 20 lots.
Traders said that apart from increased domestic demand, a firming global trend despite concern over an economic slowdown in China, the world's largest consumer, helped aluminium futures trade higher.
At Multi Commodity Exchange, aluminium for delivery in the current month inched up 30 paise, or 0.28%, to INR 107.25 per kg in a business turnover of 212 lots.
Metal for delivery in October contracts also rose by a similar margin to trade at INR 108 per kg in 20 lots.
Traders said that apart from increased domestic demand, a firming global trend despite concern over an economic slowdown in China, the world's largest consumer, helped aluminium futures trade higher.
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
LME aluminium faces resistance at $1,644
Next articleCentre allots Utkal D&E Coal Blocks to NALCO
Grow with
AL Circle
