Robust demand lifts aluminium futures by 0.16 pc

NEW DELHI, June 12: Aluminium prices edged higher by 0.16 per cent to Rs 157.10 per kg in futures trading today as speculators made fresh bets amid an uptick in demand at the spot market.
At the Multi Commodity Exchange, aluminium for delivery in July edged up by 25 paise, or 0.16 per cent to Rs 157.10 per kg in business turnover of 5 lots.
Likewise, the metal for delivery in June month contract was enquiring higher by 15 paise, or 0.10 per cent to Rs 156.95 per kg in 446 lots.
Analysts said fresh positions created by participants due to pick up in demand from consuming industries in the physical market mainly led to the rise in aluminium prices at futures trade. (PTI)