Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. January delivery up 0.04% to Rs 283.60/kg on MCX. Demand from industries supports prices.
New Delhi, Dec 12 (PTI) Aluminium prices on Friday rose 10 paise to Rs 283.60 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 January increased 10 paise or 0.04 per cent to Rs 283.60 per kg in 1,017 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 January increased 10 paise or 0.04 per cent to Rs 283.60 per kg in 1,017 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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