Business Standard
Alumininum down 0.3% on weak global cues
Edited by : AL CIRCLE
1 min read
Aluminium futures fell by 0.32% today after speculators reduced their positions, triggered by a weak trend at the London Metal Exchange (LME).
At the Multi Commodity Exchange, aluminium for delivery in February fell by 35 paise, or 0.32%, to Rs 107.35 per kg, with a business turnover of 109 lots.
The March contract declined by 35 paise, or 0.32%, to Rs 108.85 per kg, with a trading volume of 8 lots.
Meanwhile, at the LME aluminium fell 0.5% to $2,190 per tonne.
Analysts said a weakening trend in the entire base metals pack at the LME after a decision on a second bailout for Greece was postponed, mainly kept pressure on the aluminium prices at futures trade here.
At the Multi Commodity Exchange, aluminium for delivery in February fell by 35 paise, or 0.32%, to Rs 107.35 per kg, with a business turnover of 109 lots.
The March contract declined by 35 paise, or 0.32%, to Rs 108.85 per kg, with a trading volume of 8 lots.
Meanwhile, at the LME aluminium fell 0.5% to $2,190 per tonne.
Analysts said a weakening trend in the entire base metals pack at the LME after a decision on a second bailout for Greece was postponed, mainly kept pressure on the aluminium prices at futures trade here.
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