Aluminium prices may stay positive in second half of FY18: ICRA

The International prices of aluminium have sharply risen by over 10 per cent in last month

The international prices of aluminium have sharply risen by over 10 per cent in the past month following a favourable demand-supply balance drives and the sentiment on aluminium prices during the second half of financial year 2018 remains positive, a report said on Monday.

The International prices of aluminium, quoted at the London Metal Exchange (LME), have sharply risen by over 10 per cent in last month, after posting an increase of four per cent in the preceding six months.

The expectation was derived from the widening deficit in the global demand-supply balance following key regulatory developments in