Wednesday, May 7, 2014

DAILY COMMODITY BASE METALS & ENERGY UPDATE FOR 07 MAY 2014

Base Metals & Energy
D A I L Y B U Z Z 

Aluminium prices today rose by 0.28 per cent to Rs 106.50 per kg in futures trade as speculators enlarged positions amid a firming trend overseas.

Besides, increased demand at domestic spot markets also influenced prices.

At the Multi Commodity Exchange, aluminium for delivery in May rose by 30 paise, or 0.28 per cent, to Rs 106.50 per kg in business turnover of 80 lots.

Similarly, the metal for delivery in June traded higher by 10 paise, or 0.09 per cent, to Rs 107.80 per kg in one lots.

Market analysts said the rise in aluminium prices at futures trade was mostly attributed to a firming trend in metal at the London Metal Exchange and rising demand at spot markets here.

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