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Aluminium futures rise on increasing demand, Must Check!

Aluminium futures rise on increasing demand, Must Check!

Aluminium futures were trading higher during afternoon trade in the domestic market on Wednesday as speculators built up fresh positions after rise up in desired in the spot market amid positive global cues.

Analysts said participants created fresh positions due to pick up in desired from consuming industries in the spot market & strength in copper & other base metals overseas, mainly influenced aluminum prices at futures trade.

At the MCX, aluminium futures for February 2017 contract is trading at Rs 125.55/kg, upward by 0.12 %, after opening at Rs 125, against a last close of Rs 125.40. It touched the intra-day max of Rs 12.805.

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