Business Standard
Aluminium futures shed 0.17% on muted demand
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Aluminium prices weakened by 0.17 per cent to INR 116.10 per kg in futures market today as traders trimmed their positions, taking negative cues from spot market on subdued demand.
At the Multi Commodity Exchange, aluminium for delivery in January month declined by 20 paise, or 0.17 per cent, to INR 116.10 per kg in business turnover of 48 lots.
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Likewise, the metal for delivery in December contracts traded lower by 10 paise, or 0.09 per cent, to INR 117.10 per kg in 75 lots.
Market analysts said that offloading of positions by participants following sluggish demand from consuming industries in the physical market, mainly influenced aluminium prices at futures trade.
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