Aluminium futures trade in green as demand picks up
Aluminium futures traded in green on MCX, on account of accumulation of bets tracking pickup in demand as against tight arrivals from producing belts. Additionally, narrowed stock levels and softer dollar also fuelled the positive trend.
The contract for January delivery was trading at Rs 294.40 up 2.17% or Rs 6.25 from its previous closing of Rs 288.15. The open interest of the contract stood at 905 lots.
The contract for December delivery was trading at Rs 292.30 up 2.17% or Rs 6.20 from its previous closing of Rs 286.10.The open interest of the contract stood at 337 lots.
