Aluminium futures surge 0.48% on spot demand

Aluminium futures surge 0.48% on spot demand

03/11/2016 16:47

Aluminium futures were trading higher during the evening trade in the domestic market on Thursday as investors and speculators widened their positions in the industrial metal amidst rise in physical demand for aluminium at the domestic spot market.

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

At the MCX, aluminium futures for November 2016 contract is trading at Rs 115.20 per kg, up by 0.48 per cent, after opening at Rs 114.30, against a previous close of Rs 114.65. It touched the intra-day high of Rs 115.35 (at 16:48 hours).

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