Aluminum costs were up by 0.39% to Rs 103.20 per kg in futures trade as traders enlarged positions, driven by pick up in demand at the commodity exchange amid firm global trend.
At the Multi commodity exchange, aluminum for delivery in March month affected by 40 paise, or 0.39% to Rs 103.20 per kg in business turnover of 10 lots.
Likewise, the metal for delivery in February contracts edged up by 30 paise or 0.29% to Rs 102.40 per kg in 92 lots.
Analysts said increasing of positions by participants due to pick up in demand from consuming industries at domestic spot markets and a firm global trend mainly led to rise in aluminum prices at futures trade.
Meanwhile, aluminum gained 0.3% at the London Metal Exchange.
Price movements of commodities can be learned here. Traders can gain useful information which can help in framing a better trading strategy by exploring posts like these. To gain better returns Financial Advisory Services can help.
ReplyDeleteNice post really worth it and helpful.
ReplyDeleteFree Trading tips