Market and product
Aluminium futures rises 0.85% on firm demand
A better trend in copper and other base metals overseas on a weak dollar also influenced aluminium futures here.
At the Multi Commodity Exchange, aluminium for September month contract rose by Rs 0.85, or 0.84 per cent, to Rs 101.50 per kg with a business turnover in one lot.
Similarly, the metal for delivery in September contract traded higher by Rs 0.80, or 0.80 per cent, to Rs 100.50 per kg, with a turnover of 8 lots.
Market experts said apart from rising demand at the physical markets from consuming industries, firm trend in base metals overseas on a weak dollar also influenced aluminium prices in futures trade.
(Source: www.business-standard.com)
