Aluminium futures up on spot demand

New Delhi, Jan 7 (PTI) Aluminium prices rose 0.45 per cent to Rs 165.85 per kg in futures trade on Thursday as speculators built up fresh positions amid a positive trend in spot market.

On the Multi Commodity Exchange, aluminium contracts for January delivery gained 75 paise, or 0.45 per cent, to Rs 165.85 per kg in a business turnover of 744 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in futures market. PTI SHW RUJ RUJ