Home > News > Others

Alumininum futures marginally up on global cues

Friday, May 21, 2010
点击:

Buoyed by a firming trend at the London Metal Exchange, aluminium futures recovered by Rs 0.70 or 0.76 per cent at Rs 92.85 per kg today.


Firming trend in the Asian trade and pick up in domestic demand at the spot markets also supported the upside in aluminium futures prices.


At the Multi Commodity Exchange, aluminium for delivery in current-month May contract traded Rs 0.70, or 0.76 per cent higher at Rs 92.85 per kg, with an open interest of 2,263 lots.


The metal for delivery in June contract also moved up by Rs 0.70, or 0.75 per cent to Rs 93.55 per kg, with an open interest of 585 lots.


Analysts said firming trend at the global market and increased demand from domestic consuming industries at the physical market, helped aluminium to trade higher at futures market here.


Meanwhile, aluminium rose $21, or 1.05 per cent, to $2,022 per tonne, while at Shanghai, metal rose 85 yuan, or 0.56 per cent, at yuan 15,245 per tonne.

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......