Aluminium futures down 0.65% on low demand
08/11/2017 16:00
Aluminium futures down 0.65% on low demand
08/11/2017 16:00
Aluminium futures were trading lower during the noon trade in the domestic market on Wednesday as speculators engaged in reducing their exposure amid subdued demand from consuming industries in the spot market.
Analysts said cutting down of holdings by participants on the back of tepid demand from consuming industries in the physical market mainly kept aluminium prices lower at futures trade.
At the MCX, aluminium futures for November 2017 contract is trading at Rs 137.90 per kg, down by 0.65 per cent, after opening at Rs 138.70, against a previous close of Rs 138.80. It touched the intra-day low of Rs 137.80 (at 12:50 hours).
08/11/2017 16:00
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Aluminium futures down 0.65% on low demand
08/11/2017 16:00
Aluminium futures were trading lower during the noon trade in the domestic market on Wednesday as speculators engaged in reducing their exposure amid subdued demand from consuming industries in the spot market.
Analysts said cutting down of holdings by participants on the back of tepid demand from consuming industries in the physical market mainly kept aluminium prices lower at futures trade.
At the MCX, aluminium futures for November 2017 contract is trading at Rs 137.90 per kg, down by 0.65 per cent, after opening at Rs 138.70, against a previous close of Rs 138.80. It touched the intra-day low of Rs 137.80 (at 12:50 hours).
