Aluminium futures dip 0.08% on low demand 22/10/2019 12:37
Aluminium futures were trading lower during the noon trade in the domestic market on Tuesday as investors and speculators cut down their bets in the industrial metal amid fall in physical demand for aluminium at the domestic spot market.
Further, a slide in physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets.
At the MCX, aluminium futures for October 2019 contract is trading at Rs 132.40 per kg, down by 0.08 per cent, after opening at Rs 132.60, against a previous close of Rs 132.50. It touched the intra-day low of Rs 132.30(at 12:37 hours)
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
Aluminium futures were trading lower during the noon trade in the domestic market on Tuesday as investors and speculators cut down their bets in the industrial metal amid fall in physical demand for aluminium at the domestic spot market.
Further, a slide in physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets.
At the MCX, aluminium futures for October 2019 contract is trading at Rs 132.40 per kg, down by 0.08 per cent, after opening at Rs 132.60, against a previous close of Rs 132.50. It touched the intra-day low of Rs 132.30(at 12:37 hours)
