Aluminium futures trade lower on rise in supplies.

Aluminium futures traded lower on MCX, due to narrowing of bets counting on tepid demand outlook as against liberal supplies from producing belts. Moreover, increased stock position and firmer dollar also triggered the negative side.The contract for February delivery was trading at Rs 261.65 down by 0.11% or Rs 0.30 from its previous closing of Rs 261.95. The open interest of the contract stood at 2261 lots.The contract for March delivery was trading at Rs 259.50 down by 0.33% or Rs 0.85 from its previous closing of Rs 260.35.The open interest of the contract stood at 2459 lots on MCX [Extracted from the article]