Aluminium futures up on spot demand
On the Multi Commodity Exchange, aluminium contracts for the July delivery gained Rs 1.35, or 0.68 per cent, to Rs 199.50 per kg in a business turnover of 3,126 lots.
By PTI |
ETMarkets.com
NEW DELHI: Aluminium prices rose 1.35 per cent to Rs 199.50 per kg in the futures trade on Friday 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 Rs 1.35, or 0.68 per cent, to Rs 199.50 per kg in a business turnover of 3,126 lots.
Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.
On the Multi Commodity Exchange, aluminium contracts for the July delivery gained Rs 1.35, or 0.68 per cent, to Rs 199.50 per kg in a business turnover of 3,126 lots.
Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.
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