Aluminium futures up on spot demand

NEW DELHI: Aluminium prices rose 0.46 per cent to Rs 194.45 per kg in the futures trade on Tuesday, as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the July delivery gained 90 paise, or 0.46 per cent, to Rs 194.45 per kg in a business turnover of 1,488 lots.

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