Aluminium futures were little changed during the morning trade in the domestic market on Monday as investors and speculators started building up of fresh positions in the industrial metal amidst uptick in physical demand for aluminium in the domestic spot market.
Further, a rise in demand for aluminium at the domestic spot market was led by widening of positions by investors in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 108.70 per kg, up by 0.05 per cent, after opening at Rs 108.85, against a previous close of Rs 108.65. It touched the intra-day high of Rs 109.
Further, a rise in demand for aluminium at the domestic spot market was led by widening of positions by investors in the spot markets, supported aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 108.70 per kg, up by 0.05 per cent, after opening at Rs 108.85, against a previous close of Rs 108.65. It touched the intra-day high of Rs 109.
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