31 JANUARY 2017Business Standard
Aluminium futures on MCX slide 0.28% on muted demand
Edited by :
1 min read
<p>Aluminium prices softened by 0.28 per cent to INR 123.75 per kg in futures trade today as speculators reduced exposure in view of ending monthly expiry amid easing demand in the spot market.</p>
<p>At the Multi Commodity Exchange, aluminium for delivery in January declined by 35 paise, or 0.28 per cent to INR 123.75 per kg in business turnover of 112 lots.</p>
<p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/MCXAluminium.png" alt="News" width="517" height="286" /><em>Image Courtesy: www.moneycontrol.com</em></p>
<p>Likewise, the metal for delivery in February contracts was trading lower by a similar margin to INR 123.60 per kg in 20 lots.</p>
<p>{googleAdsense}</p>
<p>Analysts said offloading of positions by participants ahead of monthly expiry coupled with slackened demand from consuming industries in the physical market led to decline in aluminium prices at futures trade.</p>
Previous article
Wall Street slide sends ripples across markets; LME aluminium drops further
Next articleCentury Aluminum files antitrust lawsuit against its power provider
Grow with
AL Circle
