Aluminium futures dip 0.25% on sluggish spot demand
06/11/2017 13:04
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Aluminium futures dip 0.25% on sluggish spot demand06/11/2017 13:04
Aluminium futures were trading lower during the noon trade in the domestic market on Monday as speculators cut down bets amid subdued demand from consuming industries at spot market.
Analysts said offloading of positions by participants due to tepid demand from consuming industries in the spot market, mainly influenced aluminium prices at futures trade.
At the MCX, aluminium futures for November 2017 contract is trading at Rs 140.60 per kg, down by 0.25 per cent, after opening at Rs 140.90, against a previous close of Rs 140.95. It touched the intra-day low of Rs 140.50 (at 13:10 hours).
