AHMEDABAD （Commodity Online）: Aluminum futures traded with negative tone in last trade at multi commodity exchange （MCX）. Aluminum futures ended in red below 104 tracking falling metals in international market.
Aluminum one month delivery contract for October rose by 0.96 percent, testing high at 103.15 with total volume of 30194 lots. Aluminum Price traded in negative territory compared to other industrial metals including Zinc and Lead.
Aluminum price is supported by increase in industry demand. Continuous decrease in stockpiles at London Metal Exchange supports Aluminum futures to trade upbeat.
Technically, Aluminum future seems to be in positive mode above 100 for near term. In coming trading sessions, MCX Aluminum future is expected to travel till 106 conditions to strong support of 100, said Amrita Mashar
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