Aluminium futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal amid uptick 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 bets 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 1074.50 per kg, up by 0.28 per cent, after opening at Rs 1103.60, against a previous close of Rs 1071.50. It touched the intra-day high of Rs 1103.60 (at 10:13 hours).
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