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Aluminium futures move higher on firm spot demand

May 17, 2021 by admin 0 Comments

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NEW DELHI: Aluminium prices rose 0.39 per cent to Rs 194.90 per kg in the futures trade on Monday 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 75 paise, or 0.39 per cent, to Rs 194.90 per kg in a business turnover of 1,343 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.

This article was originally published by Indiatimes.com. Read the original article here.