Mcx Commodity News for Lead, Aluminium, Zinc : Morning Session - 10.11.2016

Mcx Commodity Market News : Morning Session 

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Aluminium futures surge as demand picks up
10/11/2016 10:49
Aluminium futures were trading higher during the morning trade in the domestic market on Thursday as participants indulged in building up their bets in the industrial metal amidst an increase in physical demand for aluminium in the domestic spot market. Further, a surge 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 November 2016 contract is trading at Rs 116.90 per kg, up by 0.52 per cent, after opening at Rs 116.65, against a previous close of Rs 116.30. It touched the intra-day high of Rs 117.05 (at 10:48 hours).

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Zinc futures up on rising demand
10/11/2016 10:45
Zinc futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators widened their bets in the industrial metal amid uptick in physical demand from consuming industries at the domestic spot markets. Further, participants indulged in building up their positions in the industrial metal led by rise in physical demand from consuming industries, supported prices of zinc at futures trade. At the MCX, zinc futures for November 2016 contract is trading at Rs 167.25 per kg, up by 0.81 per cent, after opening at Rs 166.70, against a previous close of Rs 165.90. It touched the intra-day high of Rs 167.55 (at 10:44 hours).

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Pick up in demand lifts lead futures by 0.46%
10/11/2016 10:53
Lead futures were trading higher during the morning trade in the domestic market on Thursday as investors and speculators widened their bets in the industrial metal amid uptick in physical demand for lead, from battery-makers, in the domestic spot market. Further, an upward trend in physical demand from battery-makers in the domestic spot market, supported prices of lead at futures trade. At the MCX, lead futures for November 2016 contract is trading at Rs 142.80 per kg, up by 0.46 per cent, after opening at Rs 142.60, against a previous close of Rs 142.15. It touched the intra-day high of Rs 142.90 (at 10:53 hours).