04 MARCH 2014Business Standard
Aluminium down 0.3% on global cues
Edited by : AL CIRCLE
1 min read
Taking weak cues from global markets, aluminium prices fell marginally to INR 108.25 per kg in futures trading today as speculators offloaded their positions.
Further, sluggish demand in the domestic spot markets also weighed on the metal's prices.
At the Multi Commodity Exchange, aluminium for delivery in April eased by 40 paise, or 0.33%, to INR 108.25 per kg in a business turnover of two lots.
Similarly, the metal for delivery in March traded lower by 35 paise, or 0.30%, to INR 106.85 per kg in 73 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tandem with a downtrend in base metals at the London Metal Exchange and subdued spot demand.
Further, sluggish demand in the domestic spot markets also weighed on the metal's prices.
At the Multi Commodity Exchange, aluminium for delivery in April eased by 40 paise, or 0.33%, to INR 108.25 per kg in a business turnover of two lots.
Similarly, the metal for delivery in March traded lower by 35 paise, or 0.30%, to INR 106.85 per kg in 73 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tandem with a downtrend in base metals at the London Metal Exchange and subdued spot demand.
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