Aluminium Prices Rise for Fifth Consecutive Session
Aluminium Futures Surge to Rs 338.10 per Kilogram
New Delhi – Aluminium prices continued their upward trajectory on Friday, marking a fifth consecutive session of gains. The price rose by Rs 1.95 to Rs 338.10 per kilogram in futures trading on the Multi Commodity Exchange (MCX).The aluminium for April delivery contract on the MCX increased by Rs 1.95, representing a 0.58 percent rise, to Rs 338.10 per kilogram. Trading volume for the session reached 2,722 lots.
Analysts attributed the price increase to fresh positions taken by traders, supported by a positive trend in global markets. Globally, aluminium prices rose by USD 21.05, or nearly 1 percent, to USD 3,270 per tonne on the London Metal Exchange (LME). Improved demand outlook and firm global cues were cited as factors influencing aluminium prices in the domestic market.
| Metric | Value |
|---|---|
| Aluminium Price (Futures) | Rs 338.10 per kg |
| Price Change (Today) | Rs 1.95 |
| Volume (Lots) | 2,722 |
| LME Aluminium Price | USD 3,270 per tonne |
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