Aluminium up 0.1% on global cues, spot demand
Strong demand in the spot markets influenced metal prices
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Aluminium prices edged up by 0.19% to Rs 107.90 per kg in futures trade today as participants enlarged their positions, supported by a firming trend overseas.
Besides, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March inched up by 20 paise, or 0.19%, to Rs 107.90 per kg in business turnover of 104 lots.
Likewise, the metal for delivery in April traded higher marginally by 15 paise, or 0.14%, to Rs 109.25 per kg in three lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Besides, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March inched up by 20 paise, or 0.19%, to Rs 107.90 per kg in business turnover of 104 lots.
Likewise, the metal for delivery in April traded higher marginally by 15 paise, or 0.14%, to Rs 109.25 per kg in three lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
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First Published: Mar 07 2014 | 12:44 PM IST