Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. Prices rise to Rs 287.90/kg in futures trade. Demand from consuming industries supports the market.
New Delhi, Dec 24 (PTI) Aluminium prices on Wednesday rose Rs 1.20 to Rs 287.90 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 1.20 or 0.42 per cent to Rs 287.90 per kg in 3,517 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 1.20 or 0.42 per cent to Rs 287.90 per kg in 3,517 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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