In the domestic market on Monday Aluminium futures during the
morning trade were little varied as investors & speculators started
building up of new positions in the industrial metal amidst uptick in physical
demand for aluminium in the domestic spot market.
Moreover, a hike in demand for aluminium at the domestic spot
market was led by widening of positions by investors in the spot markets, prop
up aluminium prices at futures trade.
At the MCX, aluminium futures for Oct. 2016 contract is trading
at Rs 108.70 per kg, upward by 0.05 %, after opening at Rs 108.85, against a last
close of Rs 108.65. It touched the intra-day higher of Rs 109.
Read More- Aluminium Updates