Aluminium futures surge as demand picks up
13/07/2017
Aluminium futures were trading higher during the noon trade in the domestic market on Thursday as speculators raised bets, driven by pick-up in demand at the spot market.Analysts said widening of positions by participants due to pick up in demand from consuming industries in the spot market mainly influenced aluminium prices at futures trade.At the MCX, aluminium futures for July 2017 contract is trading at Rs 122.00 per kg, up by 0.66 per cent, after opening at Rs 121.80, against a previous close of Rs 121.20. It touched the intra-day high of Rs 122.00 (at 12:10 hours).
13/07/2017
Aluminium futures were trading higher during the noon trade in the domestic market on Thursday as speculators raised bets, driven by pick-up in demand at the spot market.Analysts said widening of positions by participants due to pick up in demand from consuming industries in the spot market mainly influenced aluminium prices at futures trade.At the MCX, aluminium futures for July 2017 contract is trading at Rs 122.00 per kg, up by 0.66 per cent, after opening at Rs 121.80, against a previous close of Rs 121.20. It touched the intra-day high of Rs 122.00 (at 12:10 hours).
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