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Aluminium futures up 0.86 pc on global cues

Press Trust of India  |  New Delhi 

Aluminium prices rose by 0.86 per cent to Rs 157.70 per kg in futures market today as speculators raised bets, tracking a firm trend overseas.

At the Multi Commodity Exchange, aluminium for delivery in May went up by Rs 1.35, or 0.86 per cent, to Rs 157.70 per kg in a business turnover of 22 lots.

Likewise, the for delivery in April was trading higher by Rs 1.25, or 0.80 per cent, to Rs 158 per kg in 370 lots.

Market analysts said, raising of positions by traders on the back a firm trend overseas amid supply worries, influenced aluminium prices at the futures trade here.

Meanwhile, aluminium for June rose to 14,985 yuan (USD 2,386) a tonne on the Shanghai Futures Exchange, its highest since January 29.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 10:40 IST