Aluminium futures little changed as demand picks up in market

 

Aluminium futures were little changed during morning trade in the domestic market on Tuesday as participants build up fresh bets in the industrial metal amid rise in physical demand for aluminium at the domestic spot market.

Further, an increase 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 March 2017 contract is trading at Rs 124 per kg, up by 0.08 per cent, after opening at Rs 124.10, against a previous close of Rs 123.90. It touched the intra-day high of Rs 124.35 .

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Aluminium futures little changed during morning trade

 

Aluminium futures were little changed during morning trade in the domestic market on Wednesday as participants remained on the sidelines in the industrial metal amid subdued physical demand for aluminium at the domestic spot market.

Further, sluggish physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets, influenced aluminium prices at futures trade.

At the MCX, aluminium futures for December 2016 contract is trading at Rs 117.45 per kg, down by 0.09 per cent, after opening at Rs 117.30, against a previous close of Rs 117.55. It touched the intra-day low of Rs 117.25.

 

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Aluminium keeps head above water during morning trade

 

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.

 

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Aluminium futures gain 0.26% on upsurge in physical demand

 

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 .

 

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Aluminium futures up on spot demand on Monday

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.

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