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Aluminium Futures Surge on Speculative Bets - PTI

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By Rediff Money Desk, New Delhi   Aug 16, 2024 13:49

Aluminium prices climbed 2.35% on the Multi Commodity Exchange, driven by fresh speculative positions and demand from consuming industries.
Aluminium Futures Surge on Speculative Bets - PTI
New Delhi, Aug 16 (PTI) Aluminium prices on Friday climbed 2.35 per cent to Rs 218.70 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 2.35 or 1.09 per cent to Rs 218.70 per kg in a business turnover of 3,791 lots.

Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
Source: PTI
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