Commodities

Aluminium futures marginally up on spot demand

PTI New Delhi | Updated on February 24, 2011 Published on February 24, 2011

In restricted movement, aluminium traded higher by 0.7 per cent to Rs 115.40 per kg at the futures trading today largely supported by a firm spot demand amid short-covering by speculators.

At the Multi Commodity Exchange, aluminium for delivery in April gained 80 paise or 0.7 per cent to Rs 115.40 per kg with a business turnover of one lot. Similarly, February contract also strengthened by 10 paise or 0.09 per cent to Rs 113.60 per kg with an open interest of two lots.

Meanwhile, at the London Metal Exchange, aluminium was trading a shade higher at $2,533 per tonne.

Market analysts said apart from a firming trend at the London Metal Exchange, higher domestic demand also influenced the aluminium futures prices here.

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Published on February 24, 2011
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