India, June 3 -- Aluminium futures traded marginally higher on Wednesday, supported by fresh buying activity from traders and a positive trend in the spot market.
On the Multi Commodity Exchange (MCX), aluminium contracts for June delivery rose by 65 paise, or 0.16%, to ?395.40 per kilogram, with open interest recorded in 4,341 lots.
Market participants attributed the uptick to fresh positions being created by speculators amid steady demand from consuming industries. The firm trend in physical markets also provided support to aluminium prices in futures trading.
Analysts believe that improving industrial demand and continued participation from traders have helped sustain positive momentum in aluminium futures.
Published by HT Digital Co...