Aluminium futures rise 0.11% on spot market

Aluminium futures were trading higher during the noon trade in the domestic market on Monday as speculators raised bets, taking positive cues from the spot market on improved demand. Market analysts said raising of positions by traders on uptick in demand in the physical market mainly led to the rise in aluminium prices at futures trade.

At the MCX, aluminium futures for September 2019 contract is trading at Rs 139.95 per kg, up by 0.11 per cent, after opening at Rs 140.10, against a previous close of Rs 139.80. It touched the intra-day high of Rs 140.30.

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