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Aluminium futures were trading higher during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the industrial metal amid increase in physical demand for aluminium at the domestic spot market. Further, a surge 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 February 2017 contract is trading at Rs 125.45 per kg, up by 0.48 per cent, after opening at Rs 125.20, against a previous close of Rs 124.85. It touched the intra-day high of Rs 125.65 (at 11:08 hours).
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Aluminium futures were trading higher during morning trade in the domestic market on Monday as investors and speculators build up fresh bets in the industrial metal amid increase in physical demand for aluminium at the domestic spot market. Further, a surge 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 February 2017 contract is trading at Rs 125.45 per kg, up by 0.48 per cent, after opening at Rs 125.20, against a previous close of Rs 124.85. It touched the intra-day high of Rs 125.65 (at 11:08 hours).
