MCX COMMODITY OPTIONS TIPS : Aluminium futures keep head above water 13/06/2017

Aluminium futures keep head above water 13/06/2017

Aluminium futures keep head above water
13/06/2017

Aluminium futures were trading marginally higher during morning trade in the domestic market on Tuesday as investors and speculators indulged in building up fresh positions in the industrial metal amid surge in physical demand for aluminium at the domestic spot market.
Further, a rise 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 121.40 per kg, up by 0.12 per cent, after opening at Rs 121.50, against a previous close of Rs 121.25. It touched the intra-day high of Rs 121.60 (at 11:03 hours).

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