02 DECEMBER 2015Business Standard
Aluminium up by 0.4% as spot demand hardens
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up by 0.36% to INR 97.35 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 the Multi Commodity Exchange, aluminium for delivery in December inched up 35 paise, or 0.36%, to INR 97.35 per kg in a business turnover of 188 lots.
Metal for delivery in January 2016 also rose by a similar margin to trade at INR 98.25 per kg in just one lot.
Traders said that apart from increased domestic demand, a firming global trend helped aluminium futures trade higher.
At the Multi Commodity Exchange, aluminium for delivery in December inched up 35 paise, or 0.36%, to INR 97.35 per kg in a business turnover of 188 lots.
Metal for delivery in January 2016 also rose by a similar margin to trade at INR 98.25 per kg in just one lot.
Traders said that apart from increased domestic demand, a firming global trend helped aluminium futures trade higher.
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