Aluminium futures rise amid positive trend in spot market
07 May 2021
NEW DELHI: Aluminium prices rose 0.6 per cent to Rs 201 per kg in the futures trade on Friday as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium contracts for the May delivery gained Rs 1.20, or 0.6 per cent, to Rs 201 per kg in a business turnover of 2,172 lots.
Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.