Uptick in demand lifts aluminium futures by 0.27%

Uptick in demand lifts aluminium futures by 0.27%

03/10/2016 12:26

Aluminium futures were trading higher during the noon trade in the domestic market on Monday as participants widened their positions amidst uptick in physical demand for aluminium in the domestic spot market.

Further, an increase in demand for aluminium at the domestic spot market was led by building up of fresh positions by participants in the spot markets, supported aluminium prices at futures trade.

At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.50 per kg, up by 0.27 per cent, after opening at Rs 111.05, against a previous close of Rs 111.20. It touched the intra-day high of Rs 112.30 (at 12:25 hours).

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