09 DECEMBER 2013Business Standard
Aluminium down 0.5% on global cues
Edited by : AL CIRCLE
1 min read
Taking weak cues from global markets, aluminium prices fell to INR 106.75 per kg in futures trading today as speculators offloaded positions.
Further, sluggish demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in December declined by 55 paise, or 0.51%, to INR 106.75 per kg in business turnover of 153 lots.
Similarly, the metal for delivery in January 2014 contracts traded lower by 50 paise, or 0.46%, to INR 108.50 per kg in 13 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 prices.
At the Multi Commodity Exchange, aluminium for delivery in December declined by 55 paise, or 0.51%, to INR 106.75 per kg in business turnover of 153 lots.
Similarly, the metal for delivery in January 2014 contracts traded lower by 50 paise, or 0.46%, to INR 108.50 per kg in 13 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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