18 NOVEMBER 2013Business Standard
Aluminium down by 0.1% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices fell marginally by 0.05% to INR 110.50 per kg in futures trading today as speculators offloaded their positions, tracking a weak trend in the global markets amid subdued domestic demand.
At the Multi Commodity Exchange, aluminium for delivery in November eased by five paise, or 0.05%, to INR 110.50 per kg in business turnover of 103 lots.
Similarly, the metal for delivery in December traded lower by 5 paise, or 0.04%, to INR 112.35 per kg in six lots.
Market analysts said speculators offloaded their positions in tandem with a weak trend in base metals at the London Metal Exchange that led to a fall in aluminium futures prices.
At the Multi Commodity Exchange, aluminium for delivery in November eased by five paise, or 0.05%, to INR 110.50 per kg in business turnover of 103 lots.
Similarly, the metal for delivery in December traded lower by 5 paise, or 0.04%, to INR 112.35 per kg in six lots.
Market analysts said speculators offloaded their positions in tandem with a weak trend in base metals at the London Metal Exchange that led to a fall in aluminium futures prices.
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