Aluminium futures keep head above water
01/03/2017 11:00
Aluminium futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid uptick in physical demand for aluminium at the domestic spot market. Further, a rise in physical demand for aluminium at the domestic spot market was led by building up of positions by traders in the spot markets, supported aluminium prices at futures trade. At the MCX, aluminium futures for March 2017 contract is trading at Rs 128.85 per kg, up by 0.74 per cent, after opening at Rs 128.20, against a previous close of Rs 127.90. It touched the intra-day high of Rs 128.90 (at 11:02 hours).
01/03/2017 11:00
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Aluminium futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid uptick in physical demand for aluminium at the domestic spot market. Further, a rise in physical demand for aluminium at the domestic spot market was led by building up of positions by traders in the spot markets, supported aluminium prices at futures trade. At the MCX, aluminium futures for March 2017 contract is trading at Rs 128.85 per kg, up by 0.74 per cent, after opening at Rs 128.20, against a previous close of Rs 127.90. It touched the intra-day high of Rs 128.90 (at 11:02 hours).
