Aluminium futures up by 4% on spot demand : 03/10/2018
Aluminium futures up by 4% on spot demand
03/10/2018 14:28
Aluminium futures were trading higher during the noon trade in the domestic market on Wednesday as speculators built up fresh positions, taking positive cues from spot markets on uptick in demand.
Analysts said fresh positions created by participants due to improved demand in the physical markets, mainly led to rise in aluminium prices at futures trade.
At the MCX, aluminium futures for October 2018 contract is trading at Rs 159.30 per kg, up by 4.05 per cent, after opening at Rs 154.00, against a previous close of Rs 153.10. It touched the intra-day high of Rs 159.55 (at 14:25 hours).
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Aluminium futures up by 4% on spot demand
03/10/2018 14:28
Aluminium futures were trading higher during the noon trade in the domestic market on Wednesday as speculators built up fresh positions, taking positive cues from spot markets on uptick in demand.
Analysts said fresh positions created by participants due to improved demand in the physical markets, mainly led to rise in aluminium prices at futures trade.
At the MCX, aluminium futures for October 2018 contract is trading at Rs 159.30 per kg, up by 4.05 per cent, after opening at Rs 154.00, against a previous close of Rs 153.10. It touched the intra-day high of Rs 159.55 (at 14:25 hours).
