Aluminium futures fall on diminishing demand
22/08/2016 11:53
Aluminium futures were trading lower during the noon trade in the domestic market on Monday as investors and speculators remained on the sidelines amidst muted physical demand for aluminium in the domestic spot market. Further, sluggish demand for aluminium at the domestic spot market was on the back of trimming of bets by participants in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for August 2016 contract is trading at Rs 111.25 per kg, down by 0.13 per cent, after opening at Rs 111.10, against a previous close of Rs 111.40. It touched the intra-day low of Rs 110.95 (at 11:50 hours).
