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Aluminium futures up 0.21 pc

Tracking a firm trend overseas, aluminium prices edged higher by 0.21 per cent to Rs 140.40 per kg in futures market today as speculators raised their bets.


PTI Last Updated at 08 Aug 2018, 10:08 IST India

Tracking a firm trend overseas, aluminum prices edged higher by 0.21 percent to Rs 140.40 per kg in futures market today as speculators raised their bets.

At the Multi Commodity Exchange, aluminum for delivery in far-month September edged up by 30 paise or 0.21 percent to Rs 140.40 per kg in business turnover of 10 lots.

On similar lines, the metal for delivery in August contract was up by 20 paise or 0.14 percent to Rs 139.65 per kg in 397 lots.

Analysts said fresh positions created by participants, driven by a firm trend overseas along with rising demand from consuming industries in the physical market, led to the rise in aluminum prices at futures trade.

Globally, aluminum for delivery in three months was up 0.2 percent at USD 2,042.50 a tonne on the London Metal Exchange.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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