Aluminium futures drop on sluggish demand 04/08/2016

Aluminium futures drop on sluggish demand
04/08/2016 12:56
Aluminium futures were trading lower during the afternoon trade in the domestic market on Thursday as investors and speculators trimmed their bets amid a fall in physical demand for aluminium in the domestic spot market.
At the MCX, aluminium futures for August 2016 contract is trading at Rs 109.50 per kg, down by 0.32 per cent, after opening at Rs 109.55, against a previous close of Rs 109.85. It touched the intra-day low of Rs 109.25 (at 12:55 hours).