Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh buying. September contract up Rs 1.10 to Rs 251.50/kg on MCX. Demand from industries supports price rise.
New Delhi, Aug 4 (PTI) Aluminium prices on Monday rose Rs 1.10 to Rs 251.50 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in September increased Rs 1.10 or 0.44 per cent to Rs 251.50 per kg in 223 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
On the Multi Commodity Exchange, aluminium for delivery in September increased Rs 1.10 or 0.44 per cent to Rs 251.50 per kg in 223 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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