28 JANUARY 2016Business Standard
MCX aluminium up by 1.2% on global cues
Edited by : AL CIRCLE
1 min read
Buoyed by firming trend overseas and rising spot demand, aluminium futures rose by 1.24% to INR 101.75 per kg today as traders created fresh positions.
At the Multi Commodity Exchange, aluminium for delivery this month moved up by INR 1.25 or 1.24% to INR 101.75 per kg in a business turnover of 554 lots. The metal for delivery in February contracts rose by INR 1.05 or 1.03% to INR 102.50 per kg in a business turnover of 161 lots.
Market participants said besides rising demand at domestic spot markets, a firming trend in the base metals pack at the London Metal Exchange (LME) helped aluminium futures to trade higher.
At the Multi Commodity Exchange, aluminium for delivery this month moved up by INR 1.25 or 1.24% to INR 101.75 per kg in a business turnover of 554 lots. The metal for delivery in February contracts rose by INR 1.05 or 1.03% to INR 102.50 per kg in a business turnover of 161 lots.
Market participants said besides rising demand at domestic spot markets, a firming trend in the base metals pack at the London Metal Exchange (LME) helped aluminium futures to trade higher.
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