 "Aluminium up 0.3% on global cues, pick-up in demand")
Aluminium futures edged higher by 0.25% to Rs 119.90 per kg today as speculators enlarged positions amid pick-up in demand at spot markets.
Besides, a firming trend in base metals at the London Metal Exchange (LME) also supported the upside.
At the Multi Commodity Exchange, aluminium for delivery in July rose 30 paise, or 0.25%, to Rs 119.90 per kg, with a business turnover of 163 lots.
Marketmen said apart from a firming trend in base metals pack at the LME, rising demand at spot markets influenced aluminium prices at futures trade here.
Besides, a firming trend in base metals at the London Metal Exchange (LME) also supported the upside.
At the Multi Commodity Exchange, aluminium for delivery in July rose 30 paise, or 0.25%, to Rs 119.90 per kg, with a business turnover of 163 lots.
Also Read
The metal for delivery in August also rose by a similar margin to trade at Rs 120.70 per kg in a turnover of 22 lots.
Marketmen said apart from a firming trend in base metals pack at the LME, rising demand at spot markets influenced aluminium prices at futures trade here.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%