Aluminium futures up on surging demand

Aluminium futures up on surging demand

30/12/2016 15:46

Aluminium futures were trading higher during the evening trade in the domestic market on Friday as participants build up fresh positions in the industrial metal amid rise 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 bets by traders in the spot market, supported aluminium prices at futures trade. At the MCX, aluminium futures for December 2016 contract is trading at Rs 117 per kg, up by 1.21 per cent, after opening at Rs 116.25, against a previous close of Rs 115.60. It touched the intra-day high of Rs 117.15 (at 15:51 hours).
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