Aluminium Futures Keep Head Above Water

Aluminium futures were trading higher during morning trade in the domestic market on Wednesday as investors and speculators build up fresh bets in the industrial metal amid rise in physical demand for aluminium at the domestic spot market. Further, an uptick 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 June 2017 contract is trading at Rs 121.55 per kg, up by 0.16 per cent, after opening at Rs 121.60, against a previous close of Rs 121.35. It touched the intra-day high of Rs 121.65 (at 10:58 hours).
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