Aluminium Futures Gain on uptick in demand

Aluminium futures were trading higher during the morning trade in the domestic market on Thursday 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 September 2016 contract is trading at Rs 108.20 per kg, up by 0.14 per cent, after opening at Rs 108.25, against a previous close of Rs 108.05. It touched the intra-day high of Rs 108.30.

 

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.

 

For More Information Free Stock Tips, Mcx Tips, Commodity Market Tips, Intraday Trading Tips, Free Equity Tips on Mobile and you can call us on :-9827808090.

You May Also Like

0 comments

Note: only a member of this blog may post a comment.