Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium prices surge in futures trading on fresh positions and positive spot market trends. Learn more about the factors driving the increase.
New Delhi, Nov 25 (PTI) Aluminium prices on Tuesday rose by Rs 1.10 to Rs 269.45 per kilogram in the domestic 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 went up by Rs 1.10, or 0.41 per cent, to Rs 269.45 per kg in a business turnover of 2,698 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 went up by Rs 1.10, or 0.41 per cent, to Rs 269.45 per kg in a business turnover of 2,698 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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