Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. September delivery up 0.35% to Rs 256.85/kg. Positive spot market trend supports price increase.
New Delhi, Aug 7 (PTI) Aluminium prices on Thursday rose 90 paise to Rs 256.85 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 90 paise or 0.35 per cent to Rs 256.85 per kg in 425 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 90 paise or 0.35 per cent to Rs 256.85 per kg in 425 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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