Aluminium prices rise on global cues, spot demand
Strong demand in the spot markets also influenced metal prices.
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Aluminium prices edged up by 0.47% to Rs 107.20 per kg in futures trade today as participants enlarged their positions, supported by a firming overseas trend.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in June inched up by 50 paise, or 0.47%, to Rs 107.20 per kg in business turnover of 475 lots.
Likewise, lead for delivery in July traded higher marginally by 35 paise, or 0.32%, to Rs 108.45 per kg in 31 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in June inched up by 50 paise, or 0.47%, to Rs 107.20 per kg in business turnover of 475 lots.
Likewise, lead for delivery in July traded higher marginally by 35 paise, or 0.32%, to Rs 108.45 per kg in 31 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
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First Published: Jun 03 2013 | 12:02 PM IST