08 JANUARY 2015Business Standard
Aluminium futures weaken on global cues
Edited by : AL CIRCLE
1 min read
Aluminium futures traded a shade lower at INR 113.40 per kg in futures trade today as participants reduced their exposures amidst weak global cues.
Besides, sluggish demand in the domestic spot markets also weighed on the metal's price.
At the Multi Commodity Exchange, aluminium for delivery in February eased by 10 paise, or 0.09 per cent, to INR 113.40 per kg in a business turnover of six lots.
Similarly, the metal for delivery in January traded lower by 5 paise, or 0.04 per cent, to INR 112.55 per kg in 175 lots.
Marketmen said the weakness in aluminium at futures trade was mostly in tune with a weak trend in copper and other metals at the London Metal Exchange and low demand at domestic spot market.
Besides, sluggish demand in the domestic spot markets also weighed on the metal's price.
At the Multi Commodity Exchange, aluminium for delivery in February eased by 10 paise, or 0.09 per cent, to INR 113.40 per kg in a business turnover of six lots.
Similarly, the metal for delivery in January traded lower by 5 paise, or 0.04 per cent, to INR 112.55 per kg in 175 lots.
Marketmen said the weakness in aluminium at futures trade was mostly in tune with a weak trend in copper and other metals at the London Metal Exchange and low demand at domestic spot market.
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
Shanghai aluminium tumbles
Next articleFuji Pigment Unveils aluminium-air battery rechargeable by refilling salty or normal water
Grow with
AL Circle
