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Aluminium rises by 0.4% on global cues

Participants enlarged positions amid a firming trend overseas

Press Trust of India New Delhi
Aluminium prices edged up by 0.45% to Rs 112.35 per kg in futures trade today as participants enlarged positions amid a firming trend overseas.

Besides, industrial demand in spot markets influenced metal prices.

At the Multi Commodity Exchange, aluminium for delivery in January inched up by 50 paise, or 0.45%, to Rs 112.35 per kg in a business turnover of 205 lots.

Likewise, the metal for delivery in February traded higher by 25 paise, or 0.22%, to Rs 112.90 per kg in four lots.

Marketmen said apart from increased domestic demand, a firming trend in base metals at the London Metal Exchange (LME) on better-than-forecast economic growth in China, the world's largest consumer, helped aluminium futures to trade higher.
 

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First Published: Jan 20 2015 | 11:50 AM IST

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