Don’t miss the latest developments in business and finance.

Spot demand lifts aluminium futures by 0.24 pc

Image
Press Trust of India New Delhi
Last Updated : May 21 2019 | 2:21 PM IST

Aluminium prices edged up by 0.24 per cent to Rs 145.80 per kg in futures market Tuesday after speculators built up fresh positions amid an uptick in demand at the spot market.

On the Multi commodity Exchange (MCX), aluminium for delivery in current month edged higher by 35 paise, or 0.24 per cent, to Rs 145.80 per kg in a business turnover of 1,381 lots.

Analysts said fresh positions created by traders after demand from consuming industries mainly led to the rise in aluminium prices at futures trade.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: May 21 2019 | 2:21 PM IST

Next Story