Aluminium futures gain on spot demand

Aluminium futures gain on spot demand

21/10/2016 14:21

Aluminium futures were trading higher during the afternoon trade in the domestic market on Friday as speculators built up fresh positions on uptick in demand from consuming industries in the spot market. Analysts said fresh positions created by participants following pickup in demand from consuming industries in the spot market, mainly influenced aluminium prices at futures trade. At the MCX, aluminium futures for October 2016 contract is trading at Rs 107.80 per kg, up by 0.09 per cent, after opening at Rs 108.20, against a previous close of Rs 107.70. It touched the intra-day high of Rs 108.25 (at 14:22 hours).
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