Aluminium up 0.73% on spot demand, global cues : 04/10/2018
Aluminium up 0.73% on spot demand, global cues
04/10/2018 12:19
Aluminium futures were trading higher during the noon trade in the domestic market on Thursday as speculators created fresh positions amid improved demand in the spot market and positive global cues.
Analysts said fresh positions built up by participants after uptick in demand from consuming industries in the physical market and a firm trend in metal overseas markets mainly influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2018 contract is trading at Rs 166.65 per kg, up by 0.73 per cent, after opening at Rs 166.00, against a previous close of Rs 165.4. It touched the intra-day high of Rs 167.40 (at 12:15 hours).
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Aluminium up 0.73% on spot demand, global cues
04/10/2018 12:19
Aluminium futures were trading higher during the noon trade in the domestic market on Thursday as speculators created fresh positions amid improved demand in the spot market and positive global cues.
Analysts said fresh positions built up by participants after uptick in demand from consuming industries in the physical market and a firm trend in metal overseas markets mainly influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2018 contract is trading at Rs 166.65 per kg, up by 0.73 per cent, after opening at Rs 166.00, against a previous close of Rs 165.4. It touched the intra-day high of Rs 167.40 (at 12:15 hours).
