06 NOVEMBER 2014Business Standard
Aluminium futures fall 0.55% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium futures fell 0.55 per cent to INR 126.40 per kg today as speculators reduced positions amid a weak trend in base metals at the London Metal Exchange.
At the Multi Commodity Exchange, aluminium for delivery in December lost 70 paise, or 0.55 per cent, to INR 126.40 per kg, with a business turnover of just one lot.
The metal for delivery in November also shed 65 paise, or 0.47 per cent, to trade at INR 126.30 per kg in a turnover of 224 lots.
Marketmen said a weak trend in the base metals pack at the London Metal Exchange after the European Commission cut growth forecasts for the euro area, dampening the demand outlook for industrial metals, mainly put pressure on aluminium prices at futures trade here.
At the Multi Commodity Exchange, aluminium for delivery in December lost 70 paise, or 0.55 per cent, to INR 126.40 per kg, with a business turnover of just one lot.
The metal for delivery in November also shed 65 paise, or 0.47 per cent, to trade at INR 126.30 per kg in a turnover of 224 lots.
Marketmen said a weak trend in the base metals pack at the London Metal Exchange after the European Commission cut growth forecasts for the euro area, dampening the demand outlook for industrial metals, mainly put pressure on aluminium prices at futures trade here.
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