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( As on 12/07/2019 11:53) Aluminium futures surge on high demand

Aluminium futures were trading higher during the late morning trade in the domestic market on Friday 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 July 2019 contract is trading at Rs 142.15 per kg, up by 0.11 per cent, after opening at Rs 142.00, against a previous close of Rs 142.00. It touched the intra-day high of Rs 142.30 (at 11:53 hours).