Aluminium Futures Keep Head Above Water


Aluminium futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid uptick in physical demand for aluminium at the domestic spot market.

Further, a 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 April 2017 contract is trading at Rs 122.30 per kg, up by 0.25 per cent, after opening at Rs 122.50, against a previous close of Rs 122. It touched the intra-day high of Rs 122.55.
 
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Suhani Verma

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