Aluminium futures were little changed during morning trade in the domestic market on Friday as participants build up fresh bets in the industrial metal amid increase in physical demand for aluminium at the domestic spot market.
Further, surge 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 118.55 per kg, up by 0.04 per cent, after opening at Rs 118.50, against a previous close of Rs 118.50. It touched the intra-day high of Rs 118.70.
Further, surge 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 118.55 per kg, up by 0.04 per cent, after opening at Rs 118.50, against a previous close of Rs 118.50. It touched the intra-day high of Rs 118.70.
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