The Indian Express
Aluminium futures down 0.22 per cent
Edited by : AL CIRCLE
1 min read
Aluminium futures prices declined by 0.22 per cent to Rs 115.25 per kg today as speculators offloaded their positions, triggered by a weakening trend in base metals in the global markets.
At the Multi Commodity Exchange, aluminium for delivery in January edged lower by 25 paise, or 0.22 per cent, to Rs 115.25 per kg, with a business turnover of 69 lots.
The metal for delivery in December fell by 20 paise, of 0.17 per cent to Rs 114.75 per kg in a turnover of 1,103 lots.
Marketmen said a firming trend in the entire base metals pack at the London Metal Exchange with optimism about the Federal Reserve plans to expand economic stimulus fading and the dollar strengthened.
At the Multi Commodity Exchange, aluminium for delivery in January edged lower by 25 paise, or 0.22 per cent, to Rs 115.25 per kg, with a business turnover of 69 lots.
The metal for delivery in December fell by 20 paise, of 0.17 per cent to Rs 114.75 per kg in a turnover of 1,103 lots.
Marketmen said a firming trend in the entire base metals pack at the London Metal Exchange with optimism about the Federal Reserve plans to expand economic stimulus fading and the dollar strengthened.
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