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Base metals: Aluminium, copper prices edge higher on rise in demand

At the Multi Commodity Exchange, aluminium for delivery in February edged up by 25 paise, or 0.19 per cent, to Rs 134.85 per kg in 3,618 lots

PTI|
Feb 22, 2019, 01.44 PM IST
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Commodity Summary
MCX

ALUMINIUM
COPPER
Aluminium prices inched up by 0.19 per cent to Rs 134.85 per kg in futures trade on Friday as speculators created fresh positions amid rising spot demand and positive overseas trend.

At the Multi Commodity Exchange, aluminium for delivery in February edged up by 25 paise, or 0.19 per cent, to Rs 134.85 per kg in 3,618 lots.

Analysts said positions built up by participants on the back of rising demand from consuming industries in the physical markets, coupled with positive global cues, led to the rise in aluminium prices.

Copper
Copper futures traded 0.45 per cent higher at Rs 457.40 per kg Friday amid pick up in domestic demand at the spot market.

At the Multi Commodity Exchange, copper for delivery in current month traded higher by Rs 2.05, or 0.45 per cent, to quote at Rs 457.40 per kg in a business turnover of 11,630 lots.

Market analysts said increased demand from consuming industries mainly influenced copper prices at futures trade.
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