Commodities

Alumininum marginally up

PTI New Delhi | Updated on February 14, 2011

In tight-range movements, aluminium traded 0.18 per cent up in futures trading today, tracking firming trend overseas amid pick up in spot demand.

At the Multi Commodity Exchange, aluminium for delivery in February gained 20 paise or 0.18 per cent to Rs 114.30 a kg, with a business turnover of 10 lots.

The metal for delivery in March also strengthened by five paise or 0.04 per cent to Rs 115.20 a kg, with a trading volume of two lots.

Meanwhile, at the London Metal Exchange, aluminium was trading 0.6 per cent higher at $2,510 a tonne.

Analysts said apart from firming trend at the London Metal Exchange, pick up in domestic demand also influenced futures prices here.

Published on February 14, 2011

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