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Aluminium futures keep head above water
Aluminium futures rose during morning trade in the domestic market on Tuesday as participants build up fresh bets in the industrial metal amid increase in physical demand for aluminium at the domestic spot market.
Further, uptick in physical demand for aluminium at the domestic spot market was led by widening of positions by traders in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for December 2016 contract is trading at Rs 117.80 per kg, up by 0.43 %, after opening at Rs 117.50, against a previous close of Rs 117.30. It touched the intra-day high of Rs 117.80 .
Further, uptick in physical demand for aluminium at the domestic spot market was led by widening of positions by traders in the spot markets, supported aluminium prices at futures trade.
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