Aluminium futures soften 0.39% on low demand
11/12/2017
Aluminium futures soften 0.39% on low demand
11/12/2017 17:09
Aluminium futures were trading lower in the domestic market on Monday 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 128.90 per kg, down by 0.39 per cent, after opening at Rs 129.25, against a previous close of Rs 129.40. It touched the intra-day low of Rs 128.70 (at 17:15 hours).
11/12/2017
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Aluminium futures soften 0.39% on low demand
11/12/2017 17:09
Aluminium futures were trading lower in the domestic market on Monday 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 128.90 per kg, down by 0.39 per cent, after opening at Rs 129.25, against a previous close of Rs 129.40. It touched the intra-day low of Rs 128.70 (at 17:15 hours).
