Aluminium futures slide 0.43% as demand wanes
26/12/2017
26/12/2017 13:08
Aluminium futures were trading lower in the domestic market on Tuesday as speculators reduced exposure amid tepid demand in the spot market along with weak global cues.
Analysts said offloading of positions by participants owing to slack demand from consuming industries and in the physical market and a weak trend overseas had a bearing on aluminium prices in futures trade.
At the MCX, aluminium futures for December 2017 contract was trading at Rs 139 per kg, down by 0.43 per cent, after opening at Rs 139.30, against a previous close of Rs 139.60. It touched the intra-day low of Rs 138.50 (at 13:10 hours).
26/12/2017
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Aluminium futures slide 0.43% as demand wanes26/12/2017 13:08
Aluminium futures were trading lower in the domestic market on Tuesday as speculators reduced exposure amid tepid demand in the spot market along with weak global cues.
Analysts said offloading of positions by participants owing to slack demand from consuming industries and in the physical market and a weak trend overseas had a bearing on aluminium prices in futures trade.
At the MCX, aluminium futures for December 2017 contract was trading at Rs 139 per kg, down by 0.43 per cent, after opening at Rs 139.30, against a previous close of Rs 139.60. It touched the intra-day low of Rs 138.50 (at 13:10 hours).
