Aluminium futures dip 0.31% on low demand
15/12/2017
Aluminium futures dip 0.31% on low demand
15/12/2017 14:59
Aluminium futures were trading lower in the domestic market on Friday as speculators trimmed positions, taking negative cues from the spot market on muted demand from consuming industries.
Analysts said cutting down of holdings by participants due to weak demand from consuming industries in the physical market mainly influenced aluminium prices at futures trade.
At the MCX, aluminium futures for December 2017 contract was trading at Rs 130.60 per kg, down by 0.31 per cent, after opening at Rs 130.65, against a previous close of Rs 131. It touched the intra-day low of Rs 120.40 (at 15:05 hours).
15/12/2017
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Aluminium futures dip 0.31% on low demand
15/12/2017 14:59
Aluminium futures were trading lower in the domestic market on Friday as speculators trimmed positions, taking negative cues from the spot market on muted demand from consuming industries.
Analysts said cutting down of holdings by participants due to weak demand from consuming industries in the physical market mainly influenced aluminium prices at futures trade.
At the MCX, aluminium futures for December 2017 contract was trading at Rs 130.60 per kg, down by 0.31 per cent, after opening at Rs 130.65, against a previous close of Rs 131. It touched the intra-day low of Rs 120.40 (at 15:05 hours).
