Industry Info

Aluminium up 0.1% on global trends - Increased demand at domestic spot markets influenced prices

Aluminium prices today rose marginally by 0.18% in futures trade mostly in line with a firming trend in global markets.

Besides, increased demand at domestic spot markets also influenced prices.

At the Multi Commodity Exchange, aluminium for delivery in November rose by 20 paise, or 0.18%, to Rs 114 per kg in business turnover of 18 lots.

In a similar manner, the metal for delivery in October traded higher by 15 paise, or 0.13%, to Rs 112.10 per kg in 288 lots.

Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in the global markets and rising demand at spot markets here.

Source: Business Standard