16 DECEMBER 2015Business Standard
Aluminium falls by 0.6% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices fell by 0.59% to INR 100.50 per kg in futures trading today, tracking a weak trend in global markets.
Furthermore, muted demand in the domestic spot markets weighed on the metal prices.
At the Multi Commodity Exchange, Mumbai, aluminium for delivery in January month eased by 60 paise, or 0.59% to INR 100.50 per kg in business turnover of 31 lots.
Similarly, the metal for delivery in December contracts traded lower by 55 paise, or 0.55% to INR 99.75 per kg in 716 lots.
Analysts attributed fall in aluminium futures to a weak global trend on concern commodities risk extending declines on slowing demand from China, the world's biggest user.
Meanwhile, aluminium fell 0.8% at the London Metal Exchange.
Furthermore, muted demand in the domestic spot markets weighed on the metal prices.
At the Multi Commodity Exchange, Mumbai, aluminium for delivery in January month eased by 60 paise, or 0.59% to INR 100.50 per kg in business turnover of 31 lots.
Similarly, the metal for delivery in December contracts traded lower by 55 paise, or 0.55% to INR 99.75 per kg in 716 lots.
Analysts attributed fall in aluminium futures to a weak global trend on concern commodities risk extending declines on slowing demand from China, the world's biggest user.
Meanwhile, aluminium fell 0.8% at the London Metal Exchange.
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