Aluminium futures up on spot demand

Aluminium contract for December gained 5 paise, or 0.03 percent, to Rs 163.35 per kg in a business turnover of 845 lots.

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Analysts said fresh positions created by traders on demand from consumer industries supported aluminium prices.
Aluminium prices edged up 0.03 per cent to Rs 163.35 per kg in futures trade on Wednesday as speculators built up fresh positions amid a positive trend in spot market.

On the Multi Commodity Exchange, aluminium contract for December gained 5 paise, or 0.03 per cent, to Rs 163.35 per kg in a business turnover of 845 lots.

Analysts said fresh positions created by traders on demand from consumer industries supported aluminium prices.

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