Base metals: Aluminium, copper, zinc futures rise on spot demand

New Delhi: Aluminium prices on Friday edged up 0.41 per cent to Rs 134.05 per kg in futures market after speculators built up fresh positions amid positive trend at the spot market.

On the Multi Commodity Exchange (MCX), aluminium for delivery in December contracts edged higher by 55 paise, or 0.41 per cent, to Rs 134.05 per kg in a business turnover of 1,610 lots.

Analysts said fresh positions created by traders after positive demand from consuming industries mainly led to rise in aluminium prices.


Copper
Copper prices on Friday rallied by Rs 2.15 to Rs 444.10 per kg in futures trade on pick-up in spot demand.

On the Multi Commodity Exchange, copper contracts for delivery in December traded higher by Rs 2.15, or 0.49 per cent, to Rs 444.10 per kg in a business turnover of 6,220 lots.

Similarly, the metal for delivery in January edged up by Rs 2.05, or 0.46 per cent, to Rs 448.45 per kg in 719 lots.

Analysts attributed the rise in copper prices to raising of bets by participants driven by a pick-up in demand at spot market.

Zinc
Zinc prices on Friday rose 0.52 per cent to Rs 183.65 per kg in futures market as traders built up fresh positions amid increase in spot demand.

On the Multi Commodity Exchange, zinc for delivery in December traded higher by 95 paise, or 0.52 per cent, to Rs 183.65 per kg in a business turnover of 3,218 lots.

Market analysts said fresh positions created by participants on the back of rise in demand from consuming industries mainly led to the gain in zinc prices.