Aluminium futures rose during morning trade in the domestic market on Monday as participants build up fresh bets in the industrial metal amid increase in physical demand for aluminium at the domestic spot market.

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At the MCX, aluminium futures for January 2017 contract is trading at Rs 115.30 per kg, up by 0.17 per cent, after opening at Rs 115, against a previous close of Rs 115.10. It touched the intra-day high of Rs 115.35

                    Trading Ideas

• Aluminium trading range for the day is 113.7-116.5.

• Aluminium gained tracking firmness in LME prices on short covering on the last trading session of the year despite of rise in LME stocks.

• Japan's aluminum premium for shipments during January to March next year was set at $95 per ton, as spot premiums rose.

• Global aluminium output rose in recent months – it was up 3% month-on-month in November on higher Chinese output - IAI.