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Aluminium rises by 0.4% on global cues

Participants strengthened their positions, supported by an upward trend overseas

Press Trust of India New Delhi
Aluminium prices went up by 0.36% to Rs 111.90 per kg in futures trade today as participants strengthened their positions, supported by an upward trend overseas.

Further, strong demand in the spot markets also influenced metal prices.

At the Multi Commodity Exchange, aluminium for delivery in February inched up by 40 paise, or 0.36%, to Rs 111.90 per kg in business turnover of 352 lots.

Likewise, the metal for delivery in March traded marginally higher by 30 paise, or 0.27%, to Rs 112.75 per kg in 88 lots.

Marketmen said apart from increased domestic demand, a firming global trend after manufacturing rebounded in China, the world's largest metals consumer, mainly influenced metal prices at futures trade here.
 
Globally, aluminium for delivery in three months added 0.4% to trade at $1,817 a tonne on the London Metal Exchange.

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First Published: Feb 25 2015 | 12:10 PM IST

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