Indian Express reported that Indian aluminium prices edged up by 0.66% to INR 114.35 per kilogram at futures market on the back of strong domestic demand and firm global cues.
At the Multi Commodity Exchange, aluminium for delivery in January gained 75 paise or 0.66% to INR 114.35 per kilogram with a business turnover of 58 lots. Similarly, the metal for delivery in December traded higher by 70 paise or 0.62% to INR 113.75 per kilogram with a business turnover of 843 lots.
Marketmen said that the rise in aluminium prices at futures trade was in line with a firming trend in base metals at the London Metal Exchange boosted by China manufacturing data for November month amid increasing demand from domestic consuming industries.
Source:
http://www.steelguru.com/metals_news/Indian_aluminium_futures_rise_on_global_cues_and_spot_demand/293998.html
