Aluminium Futures Little Changed As Demand Picks Up

Aluminium futures were little changed during morning trade in the domestic market on Friday as investors and speculators started building up fresh bets in the industrial metal amid increase in physical demand for aluminium at the domestic spot market.

Further, a rise 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 March 2017 contract is trading at Rs 127.60 per kg, up by 0.08 per cent, after opening at Rs 127.30, against a previous close of Rs 127.50. It touched the intra-day high of Rs 127.65.

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Suhani Verma

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