Aluminium Futures Edge Higher On Fresh Market Bets

Aluminium futures registered modest gains in Monday’s session, reflecting renewed investor interest and supportive demand conditions. On the Multi Commodity Exchange (MCX), aluminium for January delivery rose by 60 paise, or 0.21%, to Rs 287.50 per kilogram in 2,839 lots. The uptick was attributed to traders creating fresh positions, encouraged by a firm trend in the spot market and steady demand from consuming industries.  

Key highlights from the announcement include  

• Aluminium futures for January delivery rose 0.21% to Rs 287.50 per kilogram.  
• The increase was driven by fresh speculative positions and a positive spot market trend.  
• Trading volumes stood at 2,839 lots, indicating active participation by market players.  
• Analysts highlighted demand from consuming industries as a key factor supporting prices.  
• Global aluminium prices remain influenced by supply chain dynamics and energy costs.  
• Domestic industrial demand continues to provide a cushion against broader market volatility.  
• Market experts anticipate short-term fluctuations as traders balance speculative bets with fundamental cues.  

The rise in aluminium futures underscores the commodity’s sensitivity to both domestic demand and international market conditions. With energy prices and global supply chains still volatile, aluminium remains a closely watched industrial metal. For Indian markets, the combination of speculative interest and steady consumption is expected to keep futures trading active in the near term.  

Sources: PTI, Rediff Money, MSN Markets