Aluminium futures rise 0.25% on upsurge in demand
13/04/2017
Aluminium futures were trading higher during morning trade in the domestic market on Thursday as investors and speculators build up fresh bets in the industrial metal amid an increase in physical demand for aluminium at the domestic spot market.
Further, an 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 April 2017 contract is trading at Rs 122.65 per kg, up by 0.25 per cent, after opening at Rs 122.80, against a previous close of Rs 122.35. It touched the intra-day high of Rs 122.85 (at 10:30 hours).
13/04/2017
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Aluminium futures were trading higher during morning trade in the domestic market on Thursday as investors and speculators build up fresh bets in the industrial metal amid an increase in physical demand for aluminium at the domestic spot market.
Further, an 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 April 2017 contract is trading at Rs 122.65 per kg, up by 0.25 per cent, after opening at Rs 122.80, against a previous close of Rs 122.35. It touched the intra-day high of Rs 122.85 (at 10:30 hours).
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040