Business Standard

Aluminium futures edge up on global cues

Image

Press Trust of India New Delhi

Aluminium futures prices traded higher by 0.89 per cent to Rs 108.15 per kg, supported by a firm trend at the London Metal Exchange (LME).

At the Multi Commodity Exchange counter, aluminium for November delivery gained Re 1, or 0.89 per cent, to Rs 108.20 per kg, with a business turnover of 692 lots.

Similarly, the metal for delivery in December edged up by Rs 0.85, or 0.79 per cent, to Rs 109.10 per kg, with a business volume of 13 lots.

Marketmen said reports of firm trend in the base metals, after the Federal Reserve announced that it would give more stimulus to revive the sluggish US economy, influenced the aluminium futures prices. 

Meanwhile, aluminium climbed 1.2 per cent to $2,447 a metric tonne on the LME.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 04 2010 | 4:40 PM IST

Explore News