21 JANUARY 2016Business Standard
Aluminium futures weaken, hurt by weak global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices were down 0.55 per cent to INR 100.30 per kg in futures trade today as participants trimmed exposures amid weak global cues and sluggish demand in the domestic spot markets.
At the Multi Commodity Exchange, aluminium for delivery in the current month eased by 55 paise, or 0.55 per cent, to INR 100.30 per kg in a business turnover of 363 lots.
Similarly, the metal for delivery in February was trading lower by 50 paise, or 0.49 per cent, at INR 100.90 per kg in 22 lots.
Marketmen said the weakness in aluminium at futures trade was mostly in tune with a weak trend at London Metal Exchange (LME) on renewed worries over global growth and muted demand at domestic spot markets.
At the Multi Commodity Exchange, aluminium for delivery in the current month eased by 55 paise, or 0.55 per cent, to INR 100.30 per kg in a business turnover of 363 lots.
Similarly, the metal for delivery in February was trading lower by 50 paise, or 0.49 per cent, at INR 100.90 per kg in 22 lots.
Marketmen said the weakness in aluminium at futures trade was mostly in tune with a weak trend at London Metal Exchange (LME) on renewed worries over global growth and muted demand at domestic spot markets.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Alcoa expands Investor Relations team
Next articleSouth32 puts focus on balance sheet
Grow with
AL Circle
