Aluminium Futures Keep Head Above Water


Aluminium futures were trading higher during morning trade in the domestic market on Friday as investors and speculators build up fresh bets in the industrial metal amid an increase 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 126.05 per kg, up by 0.32 per cent, after opening at Rs 125.55, against a previous close of Rs 125.65. It touched the intra-day high of Rs 126.35.
 
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Suhani Verma

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