Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. September delivery up 0.12% to Rs 251.80/kg on MCX. Demand from industries supports prices.
New Delhi, Aug 22 (PTI) Aluminium prices on Friday rose 30 paise to Rs 251.80 per kilogram in the 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 30 paise or 0.12 per cent to Rs 251.80 per kg in 1,909 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 30 paise or 0.12 per cent to Rs 251.80 per kg in 1,909 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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