13 JUNE 2017AlCircle.com
India aluminium futures traded 0.25% higher on spot demand
Edited by : Dipanwita Gupta
1 min read
<p>Aluminium prices in India futures market gained 0.25 per cent to INR 121.55 per kg on Tuesday, June 13, as fresh positions built up on speculations driven by a sudden surge in demand in the spot market.</p>
<p>Aluminium for delivery in June contracts was up by 0.25 per cent to INR 121.55 kg at the Multi Commodity Exchange in a business turnover of 210 lots.</p>
<p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/MCXalu.jpg" alt="News" width="517" height="343" /></p>
<p>MCX aluminium for delivery in July edged higher by 0.12 per cent to INR 122.05 per kg in a total business turnover of 26 lots.</p>
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<p>Commenting on the reason behind aluminium price increase at futures trade, analysts opined that fresh positions were created by the traders as there was an uptick in demand in the spot market mainly generated by the key end user industries.</p>
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