Aluminium Futures Surge 0.57% As Physical Demand Ticks Up

Aluminium futures were trading higher during morning trade in the domestic market on Monday as investors and speculators extended their 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 building up of fresh positions by traders in the spot markets, supported aluminium prices at futures trade.

At the MCX, aluminium futures for July 2017 contract is trading at Rs 124.55 per kg, up by 0.57 per cent, after opening at Rs 124.75, against a previous close of Rs 123.85. It touched the intra-day high of Rs 124.75.

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Suhani Verma

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