Aluminium remains firm

NEW DELHI: Aluminium futures prices rose further by 0.33 per cent on the Multi Commodity Exchange on Monday as traders indulged in creating fresh positions driven by firming trend in Asian trading. Firming trend in spot markets on the back of good demand from consuming industries also pushed up metal prices at the futures market. Aluminium for October and November contracts gained 0.33 per cent each at Rs 90.70 and Rs 91.50 a kg, respectively in a turnover of 35 and 6 lots. According to analysts, besides firming trend in Asian trading, good demand from consuming industries also attributed to the rise in aluminium prices at the futures market here. Shanghai aluminium traded 0.20 per cent higher at Rs 15,140 a tonne in morning trade on Monday. – PTI