20 JANUARY 2016Business Standard
Aluminium up by 0.3% on global trend
Edited by : AL CIRCLE
1 min read
Aluminium futures traded 0.30% higher at INR 100.75 per kg, largely in tandem with a firming trend in base metals at the London Metal Exchange (LME). Besides, increased demand at domestic spot markets influenced prices.
At Multi Commodity Exchange, aluminium for delivery in January rose 30 paise, or 0.30%, to INR 100.75 per kg, in a business turnover of 304 lots. Metal for delivery in February was trading higher by 25 paise, or 0.25%, at INR 101.20 per kg in two lots.
Analysts attributed the rise to a firming trend at the London Metal Exchange (LME) and pick up in demand at the domestic spot markets mainly influenced aluminium futures here.
At Multi Commodity Exchange, aluminium for delivery in January rose 30 paise, or 0.30%, to INR 100.75 per kg, in a business turnover of 304 lots. Metal for delivery in February was trading higher by 25 paise, or 0.25%, at INR 101.20 per kg in two lots.
Analysts attributed the rise to a firming trend at the London Metal Exchange (LME) and pick up in demand at the domestic spot markets mainly influenced aluminium futures here.
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