02 OCTOBER 2014Business Standard
Aluminium down 0.6% on overseas cues
Edited by : AL CIRCLE
1 min read
Aluminium futures fell 0.58% to INR120.70 per kg today as speculators trimmed positions amid a weak trend at the London Metal Exchange.
At the Multi Commodity Exchange, aluminium for delivery in November lost 70 paise, or 0.58%, to INR 120.70 per kg, with a business turnover of five lots.
The metal for delivery in October also shed 40 paise, or 0.33%, to trade at INR 119.75 per kg in a turnover of 139 lots.
Marketmen said a weak trend overseas as the strongest US dollar in four years reduced demand for industrial metals quoted in the currency, put pressure on aluminium prices at futures trade here.
At the Multi Commodity Exchange, aluminium for delivery in November lost 70 paise, or 0.58%, to INR 120.70 per kg, with a business turnover of five lots.
The metal for delivery in October also shed 40 paise, or 0.33%, to trade at INR 119.75 per kg in a turnover of 139 lots.
Marketmen said a weak trend overseas as the strongest US dollar in four years reduced demand for industrial metals quoted in the currency, put pressure on aluminium prices at futures trade here.
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