Aluminum futures were trading higher during the morning trade in the domestic market on Tuesday as participants widened their positions amidst uptick in physical demand for aluminum in the domestic spot market.
Further, a rise in demand for aluminum at the domestic spot market was led by building up of fresh positions by participants in the spot markets, supported aluminum prices at futures trade.
At the MCX, aluminium futures for September 2016 contract is trading at Rs 105.70 per kg, up by 0.28 per cent, after opening at Rs 105.50, against a previous close of Rs 105.40. It touched the intra-day high of Rs 105.80 .
Further, a rise in demand for aluminum at the domestic spot market was led by building up of fresh positions by participants in the spot markets, supported aluminum prices at futures trade.
At the MCX, aluminium futures for September 2016 contract is trading at Rs 105.70 per kg, up by 0.28 per cent, after opening at Rs 105.50, against a previous close of Rs 105.40. It touched the intra-day high of Rs 105.80 .
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