ALUMINIUM

348.15

0.00 (0.00%) profit

as on 01 Jan 1980 at 05:30 AM

MCX

Futures 15-Mins Built Up

Live Chart

ALUMINIUM Futures Snapshot

Monthly Contracts	Days for Expiry	LTP	Open Interest
ALUMINIUM SEP FUT	17	348.15	3,412
ALUMINIUM OCT FUT	47	347.20	927
ALUMINIUM NOV FUT	78	348.30	37

About ALUMINIUM Futures

ALUMINIUM is used in almost all major industries of the world. It is used for national grids, commercial aircraft, packaged goods and electric vehicles. Demand exists worldwide, at once, and in various industries.

This concentration of supplies is a true price driver in that scale. Primary ALUMINIUM production is concentrated in a few regions. They influence the world's markets in terms of their energy costs and output decisions.

ALUMINIUM futures are rupee-denominated, exchange-traded contracts. They offer retail investors and active traders direct access to global market price fluctuations without the need for physical asset delivery.

Factors influencing ALUMINIUM futures prices

ALUMINIUM is being smelted using a lot of electricity. As the cost of power increases or becomes limited in large production areas, production declines, and the shortage becomes apparent in futures prices in a short time.

China's production ceiling: China limits primary smelting capacity so that the supply is limited when demand increases. This structural ceiling helps to constrain prices when demand is high.

India's seasonal demand: The domestic demand for power, automobile, packaging and construction materials is seasonal in nature. That tempo can be seen in the premiums charged for physical goods over the course of the year.

LME price correlation: In the past, the price of aluminium futures on the London Metal Exchange (LME) has closely mirrored prices on the futures trading floor. The USD/INR rate is a layer of currency on top of the movement of the metal.

Trade policy and tariffs: Tariff changes for ALUMINIUM imports affect existing supply lines and increase or decrease regional price differentials. Trade policy changes are quickly followed by repricing in futures markets.

LME warehouse inventories: When stocks fall, it means there is physical tightness. An increase in stocks indicates that demand is decreasing or there is more supply than demand. Traders are keen to see this information to get the early indications of pricing.

What drives ALUMINIUM futures prices?

The futures price is the spot price plus the cost of holding a position to expiry financing, storage and insurance costs and the market's expectation of supply-demand at that future date.

ALUMINIUM is quoted on MCX in rupees per kilogram. The reference is LME (USD / tonne) which means that the USD/INR rate is embedded into the domestic futures price. The depreciation of the rupee can prop up MCX prices even if LME is unchanged.

When futures trade above spot, the market is in contango typically reflecting comfortable near-term supply. When futures are below spot, the market is in backwardation, often reflecting tight physical supply. For a trader, what's happening to the price and what strategy to use is informed by the regime.

Key Metrics to Know While Trading ALUMINIUM Futures

Lot size: One standard contract represents 5 metric tonnes (5,000 kg). The ALUMINIUM Mini contract is 1 MT
Tick size: Minimum price changes in increments of ₹0.05 per kg or ₹250 per tick for a standard lot.
Expiry: Contracts expire on the last day of the contract month.
Open Interest (OI): Total outstanding contracts across all participants. An increase in OI with an increase in prices would indicate fresh long positions being built, rather than short covering.
Margin: Collateral needed to maintain a futures position. MCX changes margin during periods of high volatility which can change position sizing.
Daily Price Limit (DPL): MCX applies a circuit breaker at 4%. If this is breached, it widens to 6% without a break. If this is also breached, there is a 15-minute break before expanding to 9%.
Basis: The difference between the MCX futures price and the LME-equivalent price (adjusted for currency). Price variations in basis reflect domestic supply-demand factors independent of global price direction.

How to Read ALUMINIUM Futures Data?

On the ALUMINIUM futures page at Dhan, a number of data fields are displayed. Each one adds a distinct layer to the picture.

Price and change % display the current traded level and how far it has moved from the previous day useful to gauge intraday momentum.

Volume shows the number of units traded in the current session. A sharp volume spike compared to the recent average often precedes or confirms a directional move.

Open Interest tells you how much capital is currently committed to open positions. Increasing OI in a trending market indicates conviction. Declining OI in a trending market may indicate the move is driven by position unwinding rather than fresh conviction.

Market depth (bid/ask) shows the best prices and the quantity associated with them. A narrow spread with depth on both sides indicates a liquid contract.

ALUMINIUM futures price action on the chart over time and volume bars provide a working assessment of support and resistance levels, recent trends and recent volatility. Interpreting the chart in conjunction with LME spot and stock data provides more information than price alone.

Benefits of Trading ALUMINIUM Futures

Macro participation without physical exposure: Macro drivers such as energy policy, Chinese industrial growth, currency movements and global trade policy all impact ALUMINIUM prices. Futures provide the possibility of direct participation in these price effects without having to source, store or handle physical material.
Leverage through margin: Futures only require a margin payment. So it means a lower amount of money can be committed to the market. This also means there is the potential for losses greater than the margin if the positions are not managed appropriately something to be fully aware of before entering any position.
Hedging utility for commercial participants: Companies that have ALUMINIUM price risk exposure such as packaging manufacturers, cables, and automobile component manufacturers can use MCX futures to manage their ALUMINIUM price risk. The design of the contract facilitates this operational hedging.
Transparent, regulated infrastructure: MCX is a SEBI-regulated exchange. Prices are publicly visible. Settlement is done according to the rules. The rules minimise counterparty risks and provide execution standards.

Most Commonly Used ALUMINIUM Futures Strategies

Outright directional trade: Long (buy) or short (sell) the futures in anticipation of a price increase or a price fall, respectively. The simplest approach and the one most retail participants begin with. Risk management in terms of position size relative to margin is critical.
Calendar spread: Buying one expiry month while simultaneously selling another. The profit or loss is based on the movement of the difference between the two months, rather than the absolute movement. Spreads generally require lower margin and carry lower volatility than outright positions.
Hedging: A company buying physical ALUMINIUM can sell the same amount in futures to secure the price. If prices increase, the futures profit offsets the cost increase. If prices decline, the hedge reduces the gain but the aim is not maximising profits.
Basis trade: Speculate on the difference between MCX and LME (after adjusting for the currency). When the basis is significantly out of historical bounds, it could offer a reversion trade but this requires an understanding of both markets and the effects of local and global factors that cause divergence.

How to Trade ALUMINIUM Futures on Dhan?

Open Your Account: Create a commodity trading account on Dhan and complete full KYC with a registered broker. Ensure the MCX commodity futures segment is activated separately from your equity account.
Add Funds: Add money to your trading account and ensure sufficient margin is available; not just for the initial position, but to absorb daily mark-to-market settlements throughout the life of the trade.
Pick Your Contract: Choose between the regular ALUMINIUM contract (5 MT per lot) or the ALUMINI mini contract (1 MT per lot) based on your capital and risk appetite. Select your preferred expiry month — near-month contracts typically offer the most liquidity.
Read the Market Data: Analyse the ALUMINIUM futures live price, chart, open interest (OI), and volume before entering a position. ALUMINIUM tracks LME prices closely, so global cues — particularly from China and the LME close — are key inputs.
Place Your Trade: Execute your order using the appropriate order type. Market orders fill at the prevailing price, while limit orders execute only at your specified price. Set quantity in lots — 1 lot of ALUMINIUM is 5 MT, and 1 lot of ALUMINI is 1 MT.
Track Your Position: Monitor ALUMINIUM price movements, OI shifts, and MTM adjustments actively. The contract is sensitive to global events — LME session closes and Chinese economic data releases can drive sharp intraday moves.
Adjust When Needed: Place a stop-loss at the time of entry and revisit it as the trade develops. Modify or exit positions based on market developments, price behaviour around key levels, and your original strategy parameters.
Know the Contract Type: ALUMINIUM commodity futures on MCX follow daily MTM settlement, meaning profits and losses are credited or debited to your account at the end of each trading day — not just at expiry.

Tips for Trading ALUMINIUM Futures Effectively

These practices help you manage risk and improve decision-making on the ALUMINIUM contract.

Track LME alongside MCX: Domestic ALUMINIUM prices do not move independently. LME direction sets the broad tone. Variations between MCX and LME (adjusted for currency) are typically short-lived and to be watched.
Factor in USD/INR: A depreciation of the rupee can push up MCX prices in rupee terms even if LME doesn't move. A stronger rupee may limit MCX gains when LME rallies. These are both aspects of position management.
Watch inventory data: LME warehouse stock reports are published regularly. Sustained drawdowns tend to underpin prices. A rapid inventory build is worth noting before adding to long positions.
Respect the margin cycle: MCX mark-to-market happens daily. A position that gaps against you may result in a margin call prior to the next trading day. Position sizing that accounts for adverse moves (not just average daily range) is more robust than margin minimum-based sizing.
Consider the Mini contract: For anyone learning to trade ALUMINIUM futures, the 1 MT Mini contract is just as good as the standard contract in terms of market access and price information, but with lower margin requirements.

FAQs

What is 1 lot size of ALUMINIUM futures?

1 lot of ALUMINIUM Futures on MCX is 5000.

What is the trading time for ALUMINIUM futures?

The trading time of ALUMINIUM futures is:

April to October - 9:00 AM to 11:30 PM
November to March - 9:00 AM to 11:55 PM

When is the upcoming ALUMINIUM futures expiry?

The upcoming futures expiry of ALUMINIUM on 30 Sep 2026.

Are ALUMINIUM futures settled in cash or via physical delivery?

At the end of the day, all the positions are auto squared off. Meaning, the derivatives are settled in cash. At present, the physical delivery of Commodity position is not allowed.