Aluminium rises on global cues, spot demand

NEW DELHI: Taking positive cues from overseas markets and rising spot demand, aluminium futures prices rose by 0.30 per cent to Rs 117.35 per kg today as traders created fresh positions.

At the Multi Commodity Exchange, aluminium for delivery in current month moved up by 35 paise, or 0.30 per cent, to Rs 117.35 per kg, with a business turnover of 200 lots.

Metal for delivery in January 2015 contracts rose by a similar margin to trade at Rs 118.25 per kg in business turnover of 67 lots.

Market participants said besides rising demand at domestic spot markets, a firming trend in metal at the London Metal Exchange (LME), helped aluminium futures to trade higher.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.