Aluminium futures fall on weak spot cues 04/07/2018

Aluminium futures fall on weak spot cues
04/07/2018


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Aluminium futures fall on weak spot cues
04/07/2018 12:56
Aluminium futures were trading lower during the noon trade in the domestic market on Wednesday as speculators reduced bets, taking negative cues from spot market on sluggish demand. Analysts said offloading of positions by participants, tracking a weak trend at spot market on subdued demand weighed on aluminium prices at futures trade. At the MCX, aluminium futures for July 2018 contract is trading at Rs 143.60 per kg, down by 0.42 per cent, after opening at Rs 145.45, against a previous close of Rs 144.20. It touched the intra-day low of Rs 143.60 (at 12:55 hours)