Aluminium Futures Keep Head Above Water

Aluminium futures were little changed during morning trade in the domestic market on Friday as investors and speculators started building up fresh positions in the industrial metal amid rise 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 June 2017 contract is trading at Rs 124.25 per kg, up by 0.04 per cent, after opening at Rs 124.15, against a previous close of Rs 124.20. It touched the intra-day high of Rs 124.25.

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Suhani Verma

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