Aluminium futures were trading higher
during morning trade in the domestic market on Wednesday as participants
indulged in building up fresh bets in the industrial metal amid uptick
in physical demand for aluminium at the domestic spot market.
Further, rise in physical demand for aluminium at the domestic spot market was led by widening of bets by traders in the spot market, supported aluminium prices at futures trade.
At the MCX, aluminium futures for December 2016 contract is trading at Rs 118.60 per kg, up by 0.25 per cent, after opening at Rs 118.30, against a previous close of Rs 118.30. It touched the intra-day high of Rs 118.60
Further, rise in physical demand for aluminium at the domestic spot market was led by widening of bets by traders in the spot market, supported aluminium prices at futures trade.
At the MCX, aluminium futures for December 2016 contract is trading at Rs 118.60 per kg, up by 0.25 per cent, after opening at Rs 118.30, against a previous close of Rs 118.30. It touched the intra-day high of Rs 118.60
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