Aluminium futures up on spot demand

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

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Aluminium contracts for December delivery gained 40 paise, or 0.25 per cent, to Rs 162.65 per kg in a business turnover of 804 lots.
Aluminium prices edged up 0.25 per cent to Rs 162.65 per kg in futures trade on Thursday as speculators built up fresh positions amid a positive trend in spot market.

On the Multi Commodity Exchange, aluminium contracts for December delivery gained 40 paise, or 0.25 per cent, to Rs 162.65 per kg in a business turnover of 804 lots.

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

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