Aluminium prices advanced by 0.51 per cent to Rs 149.15 per kg in futures trade Thursday as speculators raised their bets, tracking a firm trend at the spot market on soaring demand.
At the Multi Commodity Exchange, aluminium for delivery in October edged up by 75 paise, or 0.51 per cent, to Rs 149.15 per kg in a business turnover of 9 lots.
Similarly, the metal for delivery in September contracts was trading higher by 70 paise, or 0.48 per cent, to Rs 147.80 per kg in 224 lots.
Analysts said expanding of positions by participants on the back of surging demand from consuming industries in the physical market and rising of aluminium prices by leading producers Nalco and Vedanta, supported the upmove in aluminium prices in futures trade.
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