Aluminium futures rise on fresh bets

Aluminium prices on Wednesday increased by 0.16 per cent to Rs 213.25 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 December delivery increased by 35 paise or 0.16 per cent to Rs 213.25 per kg in a business turnover of 5,305 lots.

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