Aluminium Futures Rise on Speculative Bets
Aluminium prices on the Multi Commodity Exchange (MCX) surged on Wednesday due to increased speculative activity driven by a positive trend in the spot market. The rise was further fueled by demand from consuming industries.
New Delhi, Mar 12 (PTI) Aluminium prices on Wednesday rose Re 1 to Rs 265.20 per kilogram in the futures market as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in April increased Re 1 or 0.38 per cent to Rs 265.20 per kg in 757 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 April increased Re 1 or 0.38 per cent to Rs 265.20 per kg in 757 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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