Aluminium Futures Gain On Uptick In Demand

by - 12:45 pm

Aluminium futures were trading marginally higher during the morning trade in the domestic market on Monday as participants indulged in building up of fresh positions amidst increase in physical demand for aluminium in the domestic spot market.

 At the MCX, aluminium futures for August 2016 contract is trading at Rs 109.65 per kg, up by 0.09 %, after opening at Rs 109.65, against a previous close of Rs 109.55. It touched the intra-day high of Rs 109.85

 

Further, uptick in demand for aluminium at the domestic spot market was mainly on account of widening of fresh bets by participants in the spot markets, supported aluminium prices at futures trade.

 

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