15 MARCH 2013The Economic Times
Aluminium futures down 0.19 pc on global cues
Edited by : AL CIRCLE
1 min read
Taking weak cues from global markets, aluminium prices fell marginally to Rs 105.65 per kg in futures trading today as speculators offloaded their positions.
Further, sluggish demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in March declined by 20 paise, or 0.19 per cent, to Rs 105.85 per kg in business turnover of 389 lots.
Similarly, the metal for delivery in April traded lower by 15 paise, or 0.14 per cent, to Rs 107.35 per kg in 19 lots.
Globally, aluminium lost 0.8 per cent to $1,966 per tonne.
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 March declined by 20 paise, or 0.19 per cent, to Rs 105.85 per kg in business turnover of 389 lots.
Similarly, the metal for delivery in April traded lower by 15 paise, or 0.14 per cent, to Rs 107.35 per kg in 19 lots.
Globally, aluminium lost 0.8 per cent to $1,966 per tonne.
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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