24 DECEMBER 2015Business Standard
MCX aluminium up by 0.6% on global cues
Edited by : AL CIRCLE
1 min read
Taking positive cues from global market and strong demand at domestic spot markets, aluminium prices edged higher by 0.60% to INR 100.30 per kg in futures trade today as participants increased their bets.
Marketmen said apart from increased domestic demand, a firming global trend as the US economy expanded faster than estimated, boosting demand in the second-largest metals user, helped aluminium futures to trade higher.
At the Multi Commodity Exchange, aluminium for delivery this month inched up by 60 paise, or 0.60%, to INR 100.30 per kg in a business turnover of 239 lots.
Likewise, the metal for delivery in far-month January 2016 contract traded higher by 50 paise, or 0.50%, to INR 101 per kg in 15 lots.
Marketmen said apart from increased domestic demand, a firming global trend as the US economy expanded faster than estimated, boosting demand in the second-largest metals user, helped aluminium futures to trade higher.
At the Multi Commodity Exchange, aluminium for delivery this month inched up by 60 paise, or 0.60%, to INR 100.30 per kg in a business turnover of 239 lots.
Likewise, the metal for delivery in far-month January 2016 contract traded higher by 50 paise, or 0.50%, to INR 101 per kg in 15 lots.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Chinese aluminum smelters to benefit from power tariff cuts
Next articleChina’s aluminum demand to surge 34% in 2016-20 on growth in transport sector: CNIA
Grow with
AL Circle
