New Delhi, May 12 — Aluminium prices recorded a modest gain in Monday’s trading session, rising by Rs 1 to reach Rs 235.40 per kilogram on the Multi Commodity Exchange (MCX), supported by fresh buying activity and firm demand in the spot market.
According to exchange data, aluminium contracts for June delivery increased by 0.43 percent, to 697 lots. Analysts attributed the uptick to renewed interest from traders betting on strong demand from key consuming sectors.
The positive momentum in the spot market, driven by consistent industrial demand, also played a crucial role in lifting futures prices. Industry observers noted that creating fresh positions indicated growing market confidence in aluminium's short-term outlook.
This price movement reflects a broader trend of metal market optimism, with speculators responding to underlying supply-demand dynamics and economic indicators from major manufacturing hubs.
