India aluminum futures likely up on Fed optimism

Published on 2009-08-13 09:50:29



Singapore India August MCX aluminum futures likely up on Fed's statement that U.S. economy more stable now, says STCI Commodities trader Kapil Gandhi; adds, "the global commodity markets are on a buying spree on economic optimism after the Fed's statement." Other metals also likely to open higher tracking handsome gains in LME three-month metal futures. Aluminum last settled at INR94.20/kg, zinc at INR88.65/kg, lead at INR89.20/kg and nickel at INR956.30/kg.