15 OCTOBER 2013Business Standard
Aluminium down 0.4% on overseas trend
Edited by : AL CIRCLE
1 min read
Aluminium futures prices fell by 0.40% to INR 112.85 per kg today as speculators trimmed positions amid a weak trend in metal at the London Metal Exchange.
At the Multi Commodity Exchange, aluminium for delivery in October lost 45 paise, or 0.40%, to INR 112.85 per kg, with a business turnover of 104 lots.
The metal for delivery in November also shed 30 paise, or 0.26%, to trade at INR 114.50 per kg in a turnover of 4 lots.
Marketmen said a weak trend overseas as US Senate leaders struggled to draft an accord to increase the debt limit and avert a default before a deadline this week and an unexpected decline in China's exports fuelled concerns that demand may weaken from the world's two biggest users, mainly put pressure on aluminium prices at futures trade here.
At the Multi Commodity Exchange, aluminium for delivery in October lost 45 paise, or 0.40%, to INR 112.85 per kg, with a business turnover of 104 lots.
The metal for delivery in November also shed 30 paise, or 0.26%, to trade at INR 114.50 per kg in a turnover of 4 lots.
Marketmen said a weak trend overseas as US Senate leaders struggled to draft an accord to increase the debt limit and avert a default before a deadline this week and an unexpected decline in China's exports fuelled concerns that demand may weaken from the world's two biggest users, mainly put pressure on aluminium prices at futures trade here.
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