Commodities

Aluminium futures edge up

PTI New Delhi | Updated on February 21, 2011

Aluminium prices rose by 0.66 per cent to Rs 115.25 a kg in the futures trading on Monday tracking firming trend overseas amid pick up in spot demand.

At the Multi Commodity Exchange, aluminium for delivery in February rose up by 75 paise, or 0.66 a cent, to Rs 115.25 a kg, with a business turnover of two lots.

Similarly, the metal for delivery in March traded higher by 75 paise, or 0.66 per cent, to Rs 116 a kg, with an open interest of two lots.

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

Meanwhile, aluminium in London Metal Exchange rose 0.3 per cent to $ 2,577 a tonne, the highest level since September 2008.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on February 21, 2011
This article is closed for comments.
Please Email the Editor