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Aluminium futures tad higher 0.07% on spot demand

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Press Trust of India New Delhi

Aluminium prices were marginally up by 0.07 per cent to Rs 145.30 per kg in futures trade Tuesday as speculators created fresh positions amid improved demand at the spot market.

On the Multi Commodity Exchange, aluminium for delivery in May contracts inched up by 10 paise, or 0.07 per cent, to Rs 145.30 per kg in a business turnover of 1,551 lots.

Analysts said fresh positions built up by participants following pick-up in demand from consuming industries in the physical market and metal's gain in the domestic market mainly influenced aluminium prices in futures trade here.

 

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First Published: May 07 2019 | 4:20 PM IST

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