Aluminium futures surge 0.61% on muted demand 24/10/2017


Aluminium futures surge 0.61% on muted demand
24/10/2017 15:22
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Aluminium futures were trading higher during the afternoon trade in the domestic market on Tuesday as speculators built up fresh positions, driven by pick up in demand at the spot market.
Analysts said fresh positions created by participants on the back of rise in demand from consuming industries in the spot market, mainly attributed the rise in aluminium prices at futures trade.
At the MCX, aluminium futures for October 2017 contract is trading at Rs 139.30 per kg, up by 0.61 per cent, after opening at Rs 138.45, against a previous close of Rs 138.45. It touched the intra-day high of Rs 139.75 (at 15:30hours).