Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets at MCX. September delivery up 0.16% to Rs 254.90/kg. Demand from industries supports price increase.
New Delhi, Aug 14 (PTI) Aluminium prices on Thursday rose 40 paise to Rs 254.90 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 40 paise or 0.16 per cent to Rs 254.90 per kg in 690 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 40 paise or 0.16 per cent to Rs 254.90 per kg in 690 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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