MCX aluminium edges higher on uptick in demand

In India spot market, aluminium prices edged up by 0.36 per cent to INR112.45 per kg in futures trading today as speculators built up fresh positions after pick-up in demand from end user industries.

At Mumbai's Multi Commodity Exchange, aluminium for delivery in November was trading higher by 0.36 per cent to INR112.45 per kg in a business turnover of 14 lots.

Similarly, the metal for delivery in October also edged up by 0.31 per cent to INR111.70 per kg in 306 lots.

Analysts said fresh positions created by participants, driven by upsurge in demand from end user industries in the spot market, mainly attributed the rise in aluminium prices at futures trade.

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