Aluminium futures up on spot demand

NEW DELHI: Aluminium prices rose 0.16 per cent to Rs 193.40 per kg in the futures trade on Wednesday, as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the June delivery gained 30 paise, or 0.16 per cent, to Rs 193.40 per kg in a business turnover of 336 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.