Aluminium futures up on spot demand

New Delhi, Mar 17 (PTI) Aluminium prices rose by 0.55 per cent to Rs 175.05 per kg in futures trade on Wednesday as speculators built up fresh positions amid a positive trend in spot market.

On the Multi Commodity Exchange, aluminium contracts for March delivery gained 95 paise, or 0.55 per cent, to Rs 175.05 per kg in a business turnover of 1,253 lots.

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