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Aluminium Market Update By Ripples Advisory
Aluminium futures were trading higher during the morning trade in the domestic market on Friday as participants widened their positions as demand rises amid rebound in global equities.
Investors focus returned from safe-haven assets amid rebound in global equities and supply tightening, supported the uptrend in prices of Aluminium futures.
At the MCX, Aluminium futures for June 2016 contract is trading at Rs 107.85 per kg, up by 0.23 per cent, after opening at Rs 108, against a previous close of Rs 107.60. It touched the intra-day high of Rs 108.05
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luminium
futures were trading higher during the morning trade in the domestic
market on Friday as participants widened their positions as demand rises
amid rebound in global equities.
Investors focus returned from safe-haven assets amid rebound in global equities and supply tightening, supported the uptrend in prices of Aluminium futures.
At the MCX, Aluminium futures for June 2016 contract is trading at Rs 107.85 per kg, up by 0.23 per cent, after opening at Rs 108, against a previous close of Rs 107.60. It touched the intra-day high of Rs 108.05
- See more at: http://www.investmentguruindia.com/Commodities/Aluminium-surges-as-demand-strenthens#sthash.2xnkAzi4.dpuf
Investors focus returned from safe-haven assets amid rebound in global equities and supply tightening, supported the uptrend in prices of Aluminium futures.
At the MCX, Aluminium futures for June 2016 contract is trading at Rs 107.85 per kg, up by 0.23 per cent, after opening at Rs 108, against a previous close of Rs 107.60. It touched the intra-day high of Rs 108.05
- See more at: http://www.investmentguruindia.com/Commodities/Aluminium-surges-as-demand-strenthens#sthash.2xnkAzi4.dpuf
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