Aluminium futures slide on diminishing demand
26/09/2016 12:19
Aluminium futures were trading lower during the noon trade in the domestic market on Monday as participants trimmed their positions amidst sluggish physical demand for aluminium in the domestic spot market. Further, a fall in demand for aluminium at the domestic spot market was led by cut down of positions by participants in the spot markets, influenced aluminium prices at futures trade. At the MCX, aluminium futures for September 2016 contract is trading at Rs 108.35 per kg, down by 0.32 per cent, after opening at Rs 108.10, against a previous close of Rs 108.70. It touched the intra-day low of Rs 108 (at 12:18 hours).
