Aluminium Futures Rise on Spot Market Strength
Aluminium futures prices climbed 0.84% on the Multi Commodity Exchange (MCX) on Friday, driven by fresh positions built by speculators and positive spot market trends.
New Delhi, Aug 9 (PTI) Aluminium prices on Friday climbed 0.84 per cent to Rs 214.85 per kilogram in futures trade as speculators built up fresh positions amid a positive trend in the spot market.
On the Multi Commodity Exchange, aluminium contracts for August delivery increased Rs 1.80 or 0.84 per cent to Rs 214.85 per kg in a business turnover of 4,254 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 contracts for August delivery increased Rs 1.80 or 0.84 per cent to Rs 214.85 per kg in a business turnover of 4,254 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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