16 MAY 2014Business Standard
Aluminium futures slide 0.38 pc on weak demand
Edited by : AL CIRCLE
1 min read
Aluminium prices declined by 0.38 per cent to INR 105.25 per kg in futures trade today as speculators reduced positions amid weak demand in the spot market.
At the Multi Commodity Exchange, aluminium for delivery in May traded lower by 40 paise, or 0.38 per cent, to INR 105.25 per kg in a business turnover of 66 lots.
Likewise, the metal for delivery in June shed 30 paise, or 0.28 per cent, to INR 106.75 per kg in 3 lots.
Analysts said offloading of positions by speculators due to sluggish demand in the spot market and a lower trend in other base metals in global markets mainly influenced aluminium prices at futures trade.
At the Multi Commodity Exchange, aluminium for delivery in May traded lower by 40 paise, or 0.38 per cent, to INR 105.25 per kg in a business turnover of 66 lots.
Likewise, the metal for delivery in June shed 30 paise, or 0.28 per cent, to INR 106.75 per kg in 3 lots.
Analysts said offloading of positions by speculators due to sluggish demand in the spot market and a lower trend in other base metals in global markets mainly influenced aluminium prices at futures trade.
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