 "Aluminium up 0.1% on spot demand, short-covering")
Aluminium futures prices rose by 0.14% to Rs 109.70 per kg today as speculators covered up their short positions on rising demand in spot markets even as metal weakened in the global markets.
At the Multi Commodity Exchange, aluminium for delivery in current month up by 15 paise, or 0.14%, to Rs 109.70 per kg, with a business turnover of 27 lots.
Similarly, the metal for delivery in January contracts traded 10 paise, or 0.09%, higher at Rs 111.25 per kg, with a business turnover of 7 lots.
Marketmen said covering-up of short position by speculators following a pick up in demand in spot markets and ending monthly settlement, helped aluminium futures to trade higher despite metal's weakness in the global market.
At the Multi Commodity Exchange, aluminium for delivery in current month up by 15 paise, or 0.14%, to Rs 109.70 per kg, with a business turnover of 27 lots.
Similarly, the metal for delivery in January contracts traded 10 paise, or 0.09%, higher at Rs 111.25 per kg, with a business turnover of 7 lots.
Marketmen said covering-up of short position by speculators following a pick up in demand in spot markets and ending monthly settlement, helped aluminium futures to trade higher despite metal's weakness in the global market.
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