11 MAY 2015Business Standard
Aluminium futures fall on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices fell 0.41 per cent to INR 120.40 per kg in futures trading today, taking weak cues from global markets.
Further, subdued demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in June shed 50 paise, or 0.41 per cent, to INR 120.40 per kg in business turnover of 41 lots.
Similarly, the metal for delivery in current month contracts traded lower by 55 paise, or 0.38 per cent, to INR 119.05 per kg in 1,410 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in select base metals at the London Metal Exchange (LME), shrugging off China's bid to boost growth with a third interest rate cut in six months in the world's largest consumer of the metal.
Further, subdued demand in the domestic spot markets also weighed on the metal prices.
At the Multi Commodity Exchange, aluminium for delivery in June shed 50 paise, or 0.41 per cent, to INR 120.40 per kg in business turnover of 41 lots.
Similarly, the metal for delivery in current month contracts traded lower by 55 paise, or 0.38 per cent, to INR 119.05 per kg in 1,410 lots.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in select base metals at the London Metal Exchange (LME), shrugging off China's bid to boost growth with a third interest rate cut in six months in the world's largest consumer of the metal.
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