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Aluminium drop 0.40% during morning trade on Wednesday

Aluminium futures were trading lower during morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal amid muted physical demand for aluminium at the domestic spot market. Further, a fall in physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for April 2017 contract is trading at Rs 125.10 per kg, down by 0.40 per cent, after opening at Rs 124.50, against a previous close of Rs 125.60. It touched the intra-day low of Rs...

Aluminium futures keep head during morning trade

Aluminium futures were trading higher during morning trade in the domestic market on Friday as investors and speculators build up fresh bets in the industrial metal amid surge 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 April 2017 contract is trading at Rs 126 per kg, up by 0.20 per cent, after opening at Rs 125.90, against a previous close of Rs 125.75. It touched the intra-day high of Rs...
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