Spot demand lifts aluminium futures by 0.10%

Aluminum prices inched marginally higher by 0.10 percent to Rs 143.60 per kg in futures trade today as speculators built up fresh positions amid an uptick in demand at the spot market.

At the Multi Commodity Exchange, aluminum for delivery in August edged up by 15 paise or 0.10 percent to Rs 143.60 per kg in business turnover of 541 lots.

On similar lines, the metal for delivery in September was enquiring higher by a similar margin to Rs 144.50 per kg in 37 lots.

Analysts said fresh positions created by participants due to pick up in demand from consuming industries in the physical market influenced aluminum prices in futures trade.

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