Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. Price increased to Rs 286.70 per kg in futures trade. Demand from consuming industries supported prices.
New Delhi, Dec 19 (PTI) Aluminium prices on Friday rose Rs 1.35 to Rs 286.70 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 Rs 1.35 or 0.47 per cent to Rs 286.70 per kg in 2,402 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 Rs 1.35 or 0.47 per cent to Rs 286.70 per kg in 2,402 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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