NEW DELHI: Aluminium futures prices on Monday rose marginally by Re 0.15, or 0.16 per cent, as traders covered their short positions at lower levels after a long spell of weakness.
Firm trend in the spot markets on rise in demand from consuming industries also supported the uptrend in prices at the futures market.
On the Multi Commodity Exchange platform, aluminium for delivery in March traded Re 0.15 or 0.16 per cent up at Rs 94.60 per kg, in an open interest of 242 lots, while February contract also inched up by Re 0.10, or 0.11 per cent to Rs 93.60 per kg, havi ng an open interest of 2,242 lots.
Analysts said covering-up of short positions by traders at the prevailing levels, helped aluminium to trade higher at the futures market here. — PTI
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