07 MARCH 2013The Economic Times
Aluminium futures fall 0.14 pc on global cues at the Multi Commodity Exchange
Edited by : AL CIRCLE
1 min read
Aluminium futures prices today fell marginally by 0.14 per cent to Rs 106.10 per kg in as speculators offloaded positions driven by weak global trend.
At the Multi Commodity Exchange, aluminium for delivery in March declined by 15 paise, or 0.14 per cent, to Rs 106.10 per kg in business turnover of 806 lots.
Similarly, the metal for delivery in April traded lower by 10 paise, or 0.13 per cent to Rs 107.75 per kg in 52 lots.
Market analysts said speculators offloaded their positions in tandem with a weak global trend as a decline in US factory orders, raised demand concerns, mainly led to the decline in aluminium futures prices.
At the Multi Commodity Exchange, aluminium for delivery in March declined by 15 paise, or 0.14 per cent, to Rs 106.10 per kg in business turnover of 806 lots.
Similarly, the metal for delivery in April traded lower by 10 paise, or 0.13 per cent to Rs 107.75 per kg in 52 lots.
Market analysts said speculators offloaded their positions in tandem with a weak global trend as a decline in US factory orders, raised demand concerns, mainly led to the decline in aluminium futures prices.
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