29 JANUARY 2016Business Standard
Aluminium falls by 0.4% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices fell 0.38% to INR 103.90 per kg in futures trading today, taking weak cues from global markets. Further, subdued demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in current month shed 40 paise, or 0.38%, to INR 103.90 per kg in business turnover of 301 lots. Metal for delivery in February contracts traded lower by 30 paise, or 0.29% to trade at INR 104.50 per kg in 89 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals pack at the London Metal Exchange (LME) and subdued demand at the domestic spot markets.
At the Multi Commodity Exchange, aluminium for delivery in current month shed 40 paise, or 0.38%, to INR 103.90 per kg in business turnover of 301 lots. Metal for delivery in February contracts traded lower by 30 paise, or 0.29% to trade at INR 104.50 per kg in 89 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals pack at the London Metal Exchange (LME) and subdued demand at the domestic spot markets.
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