Aluminium futures rise as demand picks up
05/01/2017 11:10
Aluminium futures rose during morning trade in the domestic market on Thursday as participants build up fresh bets in the industrial metal amid uptick in physical demand for aluminium at the domestic spot market.
Further, increase in physical demand for aluminium at the domestic spot market was led by widening of positions by traders in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for January 2017 contract is trading at Rs 115.45 per kg, up by 0.43 per cent, after opening at Rs 115.20, against a previous close of Rs 114.95. It touched the intra-day high of Rs 115.55 (at 11:11 hours).
05/01/2017 11:10
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Further, increase in physical demand for aluminium at the domestic spot market was led by widening of positions by traders in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for January 2017 contract is trading at Rs 115.45 per kg, up by 0.43 per cent, after opening at Rs 115.20, against a previous close of Rs 114.95. It touched the intra-day high of Rs 115.55 (at 11:11 hours).
