Aluminium Futures See Marginal Rise Amidst Positive Market Trends

Aluminium prices experienced a slight increase of Re 1 to reach Rs 235.40 per kilogram in the futures market. This rise was attributed to the formation of new positions by speculators, stimulated by a positive trend in the spot market and demand from consuming industries.

Aluminium prices on Monday experienced a marginal increase, going up by Re 1 to settle at Rs 235.40 per kilogram in the futures market. This upward movement followed the creation of new positions by speculators, encouraged by a favorable trend observed in the spot market.

According to data from the Multi Commodity Exchange, aluminium for June delivery ascended by Re 1, marking a 0.43 percent increase, to Rs 235.40 per kg in a total of 697 lots traded.

Market analysts have attributed this rise in aluminium prices to the fresh positions established by traders. This activity was backed by rising demand from consuming industries, which continued to support aluminium prices in the futures market.

(With inputs from agencies.)