21 MARCH 2016Shanghai Metal Market
Spot demand, global cues lift aluminium futures by 0.59%
Edited by : AL CIRCLE
1 min read
Aluminium prices edged up 0.59 per cent to INR 101.90 per kg in futures trade today as participants enlarged positions, supported by strong demand in the spot markets amidst a positive trend in the base metals pack at the London Metal Exchange (LME).
Aluminium for delivery in current month edged higher by 60 paise, or 0.59 per cent, to INR 101.90 per kg in a business turnover of 629 lots in futures trade at Multi Commodity Exchange.
Likewise, the metal for delivery in April traded higher 45 paise, or 0.45 per cent, to INR 103.45 per kg in 64 lots.
Marketmen said apart from increased domestic demand, a firming trend at the LME as the recovery in China's property market accelerated, triggering optimism of demand recovery in the world's biggest commodities consumer, helped aluminium futures trade higher.
Aluminium for delivery in current month edged higher by 60 paise, or 0.59 per cent, to INR 101.90 per kg in a business turnover of 629 lots in futures trade at Multi Commodity Exchange.
Likewise, the metal for delivery in April traded higher 45 paise, or 0.45 per cent, to INR 103.45 per kg in 64 lots.
Marketmen said apart from increased domestic demand, a firming trend at the LME as the recovery in China's property market accelerated, triggering optimism of demand recovery in the world's biggest commodities consumer, helped aluminium futures trade higher.
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
Aluminium Smelter Company of Nigeria to begin production
Next articleFalling China aluminium stocks to lift prices this week
Grow with
AL Circle
