Thursday, November 24, 2016

Base metal: Aluminium futures hike as demand picks up

Aluminium futures were trading high during the morning trade in the domestic market on Thursday as participants build up new bets in the industrial metal amid hike in physical demand for aluminium at the domestic spot market.

At the MCX, aluminium futures for Nov 2016 contract is trading at Rs 122.40 per kg, up by 0.33 per cent, after opening at Rs 122.40, against a last close of Rs 122. It touched the intra-day higher of Rs 122.45.