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.

migrator

Published:21st May, 2021 at 6:33 PM

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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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.

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