Aluminium futures jump 2% tracking positive trend in spot market

NEW DELHI: Aluminium prices rose 1.89 per cent to Rs 204.55 per kg in the futures trade on Monday as speculators built up fresh positions amid a positive trend in the spot market.

On the Multi Commodity Exchange, aluminium contracts for the May delivery gained Rs 3.80, or 1.89 per cent, to Rs 204.55 per kg in a business turnover of 2,167 lots.

Analysts said creation of fresh positions by traders on demand from consumer industries supported aluminium prices in the futures market.

About Author

Related posts

Amazon Trade Ideas

German union calls for Amazon workers to strike on ‘Prime Day’

Amazon (NASDAQ:AMZN) is trading down 0.07% at 3486.90 A German trade union called on workers at seven Amazon (NASDAQ:AMZN)warehouses to go on strike on Monday for several days to coincide with the global Prime Day promotion. Verdi said it was organising the three-day strike as part of a long-running...

Read More
Top 5 Stock To trade Today

Top 5 Stock To Watchout Today 21 -June-2021

TOP 5 STOCKS TO WATCHOUT:- 1.GOLDMAN SACHS:-Goldman Sachs has launched its transaction bank in Britain, the firm said Monday, expanding the business after launching in the United States last year as it looks for steadier sources of revenue beyond its investment bank. The bank is to offer companies in...

Read More

Leave a Reply