Aluminium futures up on spot demand

NEW DELHI: Aluminium prices rose 0.23 per cent to Rs 199.40 per kg in the futures trade on Thursday as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the July delivery gained 45 paise, or 0.23 per cent, to Rs 199.40 per kg in a business turnover of 2,527 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.

Source Link