05 FEBRUARY 2014AlCircle.com
Rise of aluminium futures on spot demand, new overseas trend
Edited by : AL CIRCLE
1 min read
Aluminium prices rises by 0.43 per cent to INR 104.50 per kg in futures trade today as all participants enlarged positions on a firming overseas trend.
Strong demand in spot markets is also responsible for metal prices.
At the Multi Commodity Exchange, aluminium for delivery in the month of February inched up by 45 paise, or 0.43 per cent, to INR 104.50 per kg in total turnover business of 251 lots.
Likewise, aluminium for delivery in the month of March traded higher by 25 paise, or 0.24 per cent, to INR 105.90 per kg in 48 lots.
Marketmen said, besides increased domestic demand, a firming trend in the overseas base metals supported the rise in aluminium prices at futures trade here.
Strong demand in spot markets is also responsible for metal prices.
At the Multi Commodity Exchange, aluminium for delivery in the month of February inched up by 45 paise, or 0.43 per cent, to INR 104.50 per kg in total turnover business of 251 lots.
Likewise, aluminium for delivery in the month of March traded higher by 25 paise, or 0.24 per cent, to INR 105.90 per kg in 48 lots.
Marketmen said, besides increased domestic demand, a firming trend in the overseas base metals supported the rise in aluminium prices at futures trade here.
Previous article
Rise in U.S. aluminum premium to generate interest in CME contract
Next articleFinnvedenBulten to sell the division's Swedish aluminium business
Grow with
AL Circle
