Aluminium Futures

Aluminium futures is an MCX contract to buy or sell Aluminium at a pre-agreed price on a future date. It lets you take leveraged exposure to Aluminium price movements without owning the physical commodity.

One lot of Aluminium futures on MCX is 5 MT. Contract value = lot size x price; you pay only a margin (a fraction of contract value) to take a position.

The Aluminium futures price tracks the global/spot price of Aluminium, adjusted for the USD-INR rate, cost of carry and domestic demand-supply. It updates live during MCX trading hours.

You need SPAN + exposure margin set by MCX and your broker (typically a small percentage of contract value). The live margin is shown on the Aluminium futures page before you place an order.

MCX Aluminium futures trade Monday to Friday, 9:00 AM to about 11:30 PM IST (the evening close shifts with US daylight saving). They are closed on MCX holidays.

Aluminium futures have monthly expiries. The near-month contract is the most liquid; the next few expiries are also listed. Positions can be squared off any time before expiry.

Depending on the contract, Aluminium settles by compulsory delivery or in cash at expiry per MCX rules. Most traders exit before expiry to avoid delivery obligations.

Open interest is the total number of outstanding Aluminium futures contracts. Rising OI with rising price signals fresh long build-up; falling OI signals unwinding - use it to gauge trend strength.

Yes. Roll over by closing the near-month Aluminium contract and opening the same position in the next expiry, usually around expiry day, to keep your exposure.

Log in to INDmoney, activate MCX commodities, add margin, search Aluminium futures, pick the expiry and place a buy or sell order.