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Aluminium up by 0.6% on global cues

Strong demand at domestic spot markets also helped prices

Press Trust of India  |  New Delhi 

Aluminium up by 0.6% on global cues

Taking positive cues from global market and strong demand at domestic spot markets, aluminium prices edged higher by 0.60% to Rs 100.30 per kg in futures trade today as participants increased their bets.

Marketmen said apart from increased domestic demand, a firming global trend as the US economy expanded faster than estimated, boosting demand in the second-largest metals user, helped aluminium futures to trade higher.

At the Multi Commodity Exchange, aluminium for delivery this month inched up by 60 paise, or 0.60%, to Rs 100.30 per kg in a business turnover of 239 lots.

Likewise, the metal for delivery in far-month January 2016 contract traded higher by 50 paise, or 0.50%, to Rs 101 per kg in 15 lots.

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First Published: Wed, December 23 2015. 11:48 IST