Aluminium up 0.1% on global cues, pick-up in demand
A firming trend in select base metals at the London Metal Exchange supported the upside
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Aluminium futures edged higher by 0.12% to Rs 121.35 per kg today as speculators enlarged positions amid pick-up in demand at spot markets.
Besides, a firming trend in select base metals at the London Metal Exchange (LME) supported the upside.
At the Multi Commodity Exchange, aluminium for delivery in August rose 15 paise, or 0.12%, to Rs 121.35 per kg, with a business turnover of 256 lots.
The metal for delivery in September also rose by a similar margin to trade at Rs 121.65 per kg in a turnover of three lots.
Marketmen said apart from a firming trend in base metals at the LME, rising demand at spot markets influenced aluminium prices at futures trade here.
Besides, a firming trend in select base metals at the London Metal Exchange (LME) supported the upside.
At the Multi Commodity Exchange, aluminium for delivery in August rose 15 paise, or 0.12%, to Rs 121.35 per kg, with a business turnover of 256 lots.
The metal for delivery in September also rose by a similar margin to trade at Rs 121.65 per kg in a turnover of three lots.
Marketmen said apart from a firming trend in base metals at the LME, rising demand at spot markets influenced aluminium prices at futures trade here.
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First Published: Aug 04 2014 | 11:54 AM IST