Aluminium prices edged higher by 0.64 per cent to Rs 150 per kg in futures trade Wednesday as speculators built up fresh positions, taking positive cues from spot market on pick up in demand.
At the Multi Commodity Exchange, aluminium for delivery in October rose by 95 paise, or 0.64 per cent, to Rs 150 per kg in a business turnover of four lots.
Likewise, the metal for delivery in September contracts traded higher by 65 paise, or 0.44 per cent to Rs 148.10 per kg in a business turnover of 117 lots.
Analysts said fresh positions created by participants after the uptick in demand from industries in the physical market attributed the rise in aluminium prices in futures trade.
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