Monday, October 24, 2016

Aluminium futures rising on spot demand today

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