Aluminium Futures Zoom 1.03% As Demand Ticks Up

Aluminium futures rose over 1 per cent during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid surge in physical demand for aluminium at the domestic spot market.

Further, an uptick 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 127.15 per kg, up by 1.03 per cent, after opening at Rs 127.10, against a previous close of Rs 125.85. It touched the intra-day high of Rs 127.35.

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Suhani Verma

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