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Aluminium futures edge up 0.12% as demand picks up

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Press Trust of India New Delhi
Last Updated : Jan 31 2017 | 11:07 AM IST
Aluminium prices were up by 0.12 per cent to Rs 122.35 per kg in futures trading today as speculators built up fresh positions amid uptick in demand in the spot market.
At the Multi Commodity Exchange, aluminium for delivery in current month rose by 15 paise, or 0.12 per cent to Rs 122.35 per kg in business turnover of 88 lots.
The metal for delivery in February contracts, however, held steady at Rs 122.40 per kg in 94 lots.
Analysts said that fresh positions created by participants due to pick up in demand from consuming industries in the physical market, mainly helped aluminium prices to trade higher at futures trade.

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First Published: Jan 31 2017 | 11:07 AM IST

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