Aluminium futures rise on fresh bets

Aluminium prices on Monday increased by 0.37 per cent to Rs 205.05 per kilogramme 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 March delivery increased by 75 paise or 0.37 per cent to Rs 205.05 per kg in a business turnover of 3,913 lots.

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