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Aluminium Futures Up On Spot Demand

Aluminium contracts for the July delivery gained 30 paise, or 0.15 per cent, to Rs 200 per kg in a business turnover of 2,944 lots.

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Aluminium prices rose 0.15 per cent to Rs 200 per kg in the futures trade on Wednesday, 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 30 paise, or 0.15 per cent, to Rs 200 per kg in a business turnover of 2,944 lots.

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

(PTI)


Tags assigned to this article:
aluminium Spot Demand futures market traders