Commodity reported that today the contract traded at arrange of INR 117.15 to INR 117.70 per Kilogram in the early sessions. Volume traded of the contract is 1867 lots and open interest of the contract is 1709 lots as of now.
Aluminum moved lower today eyeing counterparts that were trading lower in Indian commodity futures. The prices of benchmark Aluminum is trading at INR 117.20 per kilogram down 0.64%. Today the contract traded at arrange of INR 117 15 to INR 117.70 per Kilogram in the early sessions. Volume traded of the contract is 1867 lots and open interest of the contract is 1709 lots as of now.
Aluminum inventories on London metal exchange showed a considerable jump of 3150 tonnes to 4606100 tonnes. From the beginning of this year the inventories have appreciated from 4274975 tonnes. However the rise in inventories has been countered by improvement in economy of US and improving demand for vehicles in India and China in which Aluminum is a major component.
http://www.steelguru.com/metals_news/MCX_Aluminum_tumbles_on_global_cues/198299.html
Aluminum moved lower today eyeing counterparts that were trading lower in Indian commodity futures. The prices of benchmark Aluminum is trading at INR 117.20 per kilogram down 0.64%. Today the contract traded at arrange of INR 117 15 to INR 117.70 per Kilogram in the early sessions. Volume traded of the contract is 1867 lots and open interest of the contract is 1709 lots as of now.
Aluminum inventories on London metal exchange showed a considerable jump of 3150 tonnes to 4606100 tonnes. From the beginning of this year the inventories have appreciated from 4274975 tonnes. However the rise in inventories has been countered by improvement in economy of US and improving demand for vehicles in India and China in which Aluminum is a major component.
http://www.steelguru.com/metals_news/MCX_Aluminum_tumbles_on_global_cues/198299.html
