Aluminium Futures Rise on Speculator Bets
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Aluminium futures prices increased by 40 paise to Rs 249.20 per kg on July 1st, driven by speculator activity and positive spot market trends.
New Delhi, Jul 1 (PTI) Aluminium prices on Tuesday rose 40 paise to Rs 249.20 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 July increased 40 paise or 0.16 per cent to Rs 249.20 per kg in 4,302 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 July increased 40 paise or 0.16 per cent to Rs 249.20 per kg in 4,302 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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