Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. December aluminium futures rise to Rs 276.40/kg on MCX. Demand from industries supports price.
New Delhi, Nov 10 (PTI) Aluminium prices on Monday rose Rs 1.65 to Rs 276.40 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 December increased Rs 1.65 or 0.6 per cent to Rs 276.40 per kg in 573 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 December increased Rs 1.65 or 0.6 per cent to Rs 276.40 per kg in 573 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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