Aluminium futures edge higher by 0.9% on buoyant spot demand

Aluminium prices on India's Multi Commodity Exchange inched higher by 0.09 per cent to INR115.35 per kg in the futures market today as speculators were seen building up fresh positions amid an uptick in spot market demand.

At MCX Mumbai, official price of aluminium for delivery in January 2017 edged higher by 0.09 per cent to INR115.35 per kg, in a business turnover of 28 lots.

market watchers said that participants creating fresh positions in the midst of increased demand from end user industries in the physical market, mainly influenced the rise in aluminium prices at futures trade.

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