Business Standard

Aluminium futures rise on spot demand, overseas cues

The metal for delivery in December traded higher by a similar margin at Rs 110.70 per kg in a business volume of 16 lots

Press Trust of India New Delhi
Aluminium prices edged up by 0.18% to Rs 108.90 per kg in futures trade today as participants enlarged positions, supported by a firming overseas trend.

Strong demand in the spot markets also influenced metal prices.

At the Multi Commodity Exchange, aluminium for delivery in November inched up by 20 paise, or 0.18%, to Rs 108.90 per kg in business turnover of 53 lots.

The metal for delivery in December traded higher by a similar margin at Rs 110.70 per kg in a business volume of 16 lots.

Marketmen said apart from increased domestic demand, a firming trend in the base metals overseas, helped aluminium futures to trade higher.

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First Published: Nov 19 2013 | 11:53 AM IST

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