Aluminium Futures Gain 0.18% As Demand Picks Up

Aluminium futures were trading higher during the evening trade in the domestic market on Tuesday as investors and speculators widened their positions in the industrial metal amidst upsurge in physical demand for aluminium in the domestic spot market.

Further, a rise in demand for aluminium at the domestic spot market was led by building up of positions by investors in the spot markets, supported aluminium prices at futures trade.

At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.20 per kg, up by 0.18 per cent, after opening at Rs 111, against a previous close of Rs 111. It touched the intra-day high of Rs 111.70.

 

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