12 APRIL 2016www.business-standard.com
Aluminium futures weaken 0.24% on profit booking
Edited by : AL CIRCLE
1 min read
Aluminium prices softened by 0.24 per cent to INR 102 per kg in futures trading today as participants booked profits, driven by subdued demand in the spot market.
At the Multi Commodity Exchange, aluminium for delivery in far-month May declined by 0.24 per cent to INR 102 per kg in a business turnover of 22 lots.
Likewise, the metal for delivery in April shed 0.15 per cent to INR 100.95 per kg in 693 lots.
Market analysts said the weakness in aluminium in futures trade was mostly to profit-booking by traders amid sluggish demand from consuming industries in the spot market.
At the Multi Commodity Exchange, aluminium for delivery in far-month May declined by 0.24 per cent to INR 102 per kg in a business turnover of 22 lots.
Likewise, the metal for delivery in April shed 0.15 per cent to INR 100.95 per kg in 693 lots.
Market analysts said the weakness in aluminium in futures trade was mostly to profit-booking by traders amid sluggish demand from consuming industries in the spot market.
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