01 APRIL 2013The Economic Times
Aluminium futures fall by 0.38 percent on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices fell by 0.38 per cent to INR104.60 per kg in futures trading today as speculators offloaded their positions, tracking a weak trend in the Asian region amid subdued demand.
At the Multi Commodity Exchange, aluminium for delivery in May declined by INR 0.40, or 0.38 per cent to INR 104.60 per kg in business turnover of 18 lots.
Similarly, the metal for delivery in April traded lower by INR 0.35, or 0.34 per cent to INR 103.30 per kg in 242 lots.
Market analysts said speculators offloaded their positions in tandem with a weak trend base metals in Asian markets on demand concern as Chinese manufacturing missed the estimates and subdued domestic demand, led to a fall in aluminium futures prices.
At the Multi Commodity Exchange, aluminium for delivery in May declined by INR 0.40, or 0.38 per cent to INR 104.60 per kg in business turnover of 18 lots.
Similarly, the metal for delivery in April traded lower by INR 0.35, or 0.34 per cent to INR 103.30 per kg in 242 lots.
Market analysts said speculators offloaded their positions in tandem with a weak trend base metals in Asian markets on demand concern as Chinese manufacturing missed the estimates and subdued domestic demand, led to a fall in aluminium futures prices.
Previous article
Higher production of aluminium in China becomes a cause to worry
Next articleAlba applauds success of 29th GCC Traffic Week
Grow with
AL Circle
