Aluminium Futures Rise: MCX Prices Up on Fresh Bets
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Aluminium futures prices increased by Rs 1.70 to Rs 358.20/kg on MCX due to fresh speculative positions and strong demand in the spot market.
New Delhi, Aug 12 (PTI) Aluminium prices on Wednesday rose by Rs 1.70 to Rs 358.20 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, the price of aluminium for delivery in August edged up by Rs 1.70, or 0.48 per cent, to Rs 358.20 per kg in 234 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, the price of aluminium for delivery in August edged up by Rs 1.70, or 0.48 per cent, to Rs 358.20 per kg in 234 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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