Monday, November 7, 2016

Aluminium futures rise 0.35% in market today

During the morning trade Aluminium futures were trading high in the domestic market on Monday as participants indulged in building up new points in the industrial metal amidst rising physical demand for aluminium in the domestic spot market.

Moreover, an uptick in physical demand for aluminium at the domestic spot market was led by expanding of positions by traders in the spot markets, supported aluminium prices at futures trade.

At the MCX, for Nov. 2016 contract aluminium futures is trading at Rs 115.15 per kg, upward by 0.35 %, after opening at Rs 116, against a last close of Rs 114.75. It touched the intra-day higher of Rs 116.50.