MCX Aluminium gains by 0.09% on uptick in demand
Aluminium futures traded on India’s Multi Commodity Exchange, Mumbai, inched marginally higher today by 0.09 per cent to INR109.65 per kg as traders expanded position, helping the metal track a steady trend at spot market driven by boosted demand from end user industries.
At MCX, aluminium for delivery in August traded higher by 0.09 per cent to INR109.65 per kg in a business turnover of 183 lots.
The metal for delivery in September contracts also scaled up by 0.05 per cent to INR 110.55 per kg in 47 lots.
Source: http://www.moneycontrol.com/
Market watchers opined enlargement of positions by the participants on the back of an increasing demand from end user industries in the spot market, helped aluminium to gain strength at futures trade.
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