Aluminium futures up on spot demand
On the Multi Commodity Exchange, aluminium contracts for the May delivery gained Rs 1.60, or 0.85 per cent, to Rs 189.25 per kg in a business turnover of 1,292 lots.
By : migrator
Update: 2021-05-21 13:03 GMT
Mumbai
Aluminium prices rose 0.85 per cent to Rs 189.25 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 May delivery gained Rs 1.60, or 0.85 per cent, to Rs 189.25 per kg in a business turnover of 1,292 lots.
Analysts said the creation of fresh positions by traders on-demand from consumer industries supported aluminium prices in the futures market.
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