10 FEBRUARY 2016www.business-standard.com
MCX aluminium up by 0.5% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices inched up by 0.54 per cent to INR 103.10 per kg in the futures trade today as participants built up fresh positions, tracking a firm trend overseas.
Furthermore, strong demand in the spot markets supported the upside.
At the Multi Commodity Exchange, aluminium for delivery in February month traded higher by 55 paise, or 0.54 per cent to INR 103.10 per kg in business turnover of 475 lots.
Similarly, the metal for delivery in far-month March contracts edged up by 50 paise, or 0.48 per cent to INR 104 per kg in 13 lots. Marketmen said apart from a firm trend in base metals pack at the London Metal Exchange, increased demand from consuming industries at domestic spot market kept zinc prices higher at futures trade.
Meanwhile, aluminium has inched up 0.5 per cent at the London Metal Exchange.
Furthermore, strong demand in the spot markets supported the upside.
At the Multi Commodity Exchange, aluminium for delivery in February month traded higher by 55 paise, or 0.54 per cent to INR 103.10 per kg in business turnover of 475 lots.
Similarly, the metal for delivery in far-month March contracts edged up by 50 paise, or 0.48 per cent to INR 104 per kg in 13 lots. Marketmen said apart from a firm trend in base metals pack at the London Metal Exchange, increased demand from consuming industries at domestic spot market kept zinc prices higher at futures trade.
Meanwhile, aluminium has inched up 0.5 per cent at the London Metal Exchange.
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