Aluminium futures were trading higher during morning trade in the domestic market on Thursday as participants build up fresh positions in the industrial metal amid uptick in physical demand for aluminium at the domestic spot market.
Further, increase 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 December 2016 contract is trading at Rs 116.25 per kg, up by 0.26 per cent, after opening at Rs 116.05, against a previous close of Rs 115.95. It touched the intra-day high of Rs 116.40 .
Further, increase 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 December 2016 contract is trading at Rs 116.25 per kg, up by 0.26 per cent, after opening at Rs 116.05, against a previous close of Rs 115.95. It touched the intra-day high of Rs 116.40 .
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