Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. Prices rise to Rs 256.40/kg in futures trade due to positive spot market trend.
New Delhi, Sep 26 (PTI) Aluminium prices on Friday rose 25 paise to Rs 256.40 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 October increased 25 paise or 0.1 per cent to Rs 256.40 per kg in 4,099 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 October increased 25 paise or 0.1 per cent to Rs 256.40 per kg in 4,099 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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