Aluminium Futures Rise: Fresh Bets Fuel Price Hike
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Aluminium futures climb on fresh bets. January delivery up Rs 2.40 to Rs 305.15/kg on MCX. Positive spot market trend supports prices.
New Delhi, Jan 5 (PTI) Aluminium prices on Monday rose Rs 2.40 to Rs 305.15 per kg in 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 went up by Rs 2.40, or 0.79 per cent, to Rs 305.15 per kilogram in 4,024 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 went up by Rs 2.40, or 0.79 per cent, to Rs 305.15 per kilogram in 4,024 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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