AHMEDABAD （Commodity Online）: Aluminum future traded steady in last week at the MCX following overseas market trends, but heavy selling pressure in other industrial metals kept uptrend limited. In the last trading session, MCX Aluminum had ended in red at 105.60 per Kilogram.
Aluminum November delivery contract rose to 1.20 percent in morning trades at Multi Commodity Exchange （MCX） and climbed to 107 per kilogram in morning trades.
Fundamentally, Aluminum future looks strong for coming days due to bright industry demand in global markets. Constant decrease in Inventory at London Metal Exchange （LME） kept Aluminum futures upbeat from near term, according to Amrita Mashar, analyst with Commodity Online.
Aluminum is expected to stay strong above 105 in coming days. Near term target for Aluminum future is set at 109 and above it may test 110.60, added Amrita.
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