Aluminium futures were trading higher during morning trade in the domestic market on Thursday as investors and speculators widened their bets in the industrial metal amid increase in physical demand for aluminium at the domestic spot market. Further, 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 March 2017 contract is trading at Rs 126.45 per kg, up by 0.16 per cent, after opening at Rs 126, against a previous close of Rs 126.25. It touched the intra-day high of Rs 126.50 (at 10:57 hours).
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