Aluminium Futures Surge on Demand & Spot Market Strength
Aluminium futures prices climbed on Monday, driven by increased demand from consuming industries and a positive trend in the spot market.
New Delhi, Sep 9 (PTI) Aluminium prices on Monday climbed 0.85 per cent to Rs 218.45 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 September delivery increased 39 paise or 0.85 per cent to Rs 218.45 per kg in a business turnover of 3,982 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 September delivery increased 39 paise or 0.85 per cent to Rs 218.45 per kg in a business turnover of 3,982 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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