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Robust demand lifts aluminium futures by 0.16 pc

Press Trust of India  |  New Delhi 

Aluminium prices edged higher by 0.16 per cent to Rs 157.10 per kg in futures trading today as speculators made fresh bets amid an uptick in demand at the spot market.

At the Multi Commodity Exchange, aluminium for delivery in July edged up by 25 paise, or 0.16 per cent to Rs 157.10 per kg in business turnover of 5 lots.

Likewise, the for delivery in June month contract was enquiring higher by 15 paise, or 0.10 per cent to Rs 156.95 per kg in 446 lots.

Analysts said fresh positions created by participants due to pick up in demand from consuming industries in the physical market mainly led to the rise in aluminium prices at futures trade.

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

First Published: Tue, June 12 2018. 12:00 IST