27 NOVEMBER 2015AlCircle.com
MCX aluminium futures rise 1.97% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices on Mumbai's Multi Commodity Exchange (MCX) gained 1.97 per cent to INR 98.30 per kg in futures trade as speculators enlarged positions amid positive cues from global markets. Besides, increased demand at domestic spot markets influenced prices.
At MCX, aluminium for delivery in November rose by INR 1.90, or 1.97 per cent, to INR 98.30 per kg in a business turnover of 353 lots.
Also, the metal for delivery in December traded higher by INR 1.80, or 1.84 per cent, to INR 99.60 per kg in 125 lots.
Market analysts said the rise in aluminium prices at futures trade was due to a firming trend in base metals at the London Metal Exchange amid rising demand at spot markets here.
At MCX, aluminium for delivery in November rose by INR 1.90, or 1.97 per cent, to INR 98.30 per kg in a business turnover of 353 lots.
Also, the metal for delivery in December traded higher by INR 1.80, or 1.84 per cent, to INR 99.60 per kg in 125 lots.
Market analysts said the rise in aluminium prices at futures trade was due to a firming trend in base metals at the London Metal Exchange amid rising demand at spot markets here.
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