Aluminium futures rise on firm global cues

Aluminium prices rose ₹1.15 to ₹387.10 per kilogram in futures trade on Monday, tracking gains in overseas markets amid improved sentiment in base metals.

On the Multi Commodity Exchange (MCX), the most-traded May contract rose by ₹1.15, or 0.3 per cent, to ₹387.10 per kg in a business turnover of 1,712 lots.

Similarly, the June delivery also advanced by 70 paise, or 0.18 per cent, to ₹384.25 per kg in 3,140 lots.

Analysts said firm global trends and improved risk appetite in industrial metals supported aluminium prices.

Globally, Aluminium futures on the London Metal Exchange (LME) went up by $12.85, or 0.35 per cent, to $3,650.90 per tonne.

Market participants said easing geopolitical concerns and a softer US dollar improved sentiment across commodity markets, while expectations of stable industrial demand also aided gains in aluminium prices in the overseas trade.



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