Aluminium Futures Surge on Spot Market Strength
Aluminium futures prices climbed on the Multi Commodity Exchange (MCX) due to increased demand from consuming industries and a positive trend in the spot market.
New Delhi, Oct 11 (PTI) Aluminium prices on Friday increased Rs 2.50 to Rs 237.50 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 October advanced Rs 2.50 or 1.05 per cent to Rs 237.50 per kg in 758 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 October advanced Rs 2.50 or 1.05 per cent to Rs 237.50 per kg in 758 lots.
Analysts said fresh positions created by traders amid demand from consuming industries supported aluminium prices in the futures market.
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