23 DECEMBER 2015The Economic Times
Aluminium futures weaken on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices were down 0.50 per cent to INR 99.95 per kg in futures trade today as participants trimmed exposure amid weak global cues and sluggish demand in the domestic spot markets.
At the Multi Commodity Exchange, aluminium for delivery in current month eased by 50 paise, or 0.50 per cent, to INR 99.95 per kg in a business turnover of 848 lots.
Similarly, the metal for delivery in January 2016 contract was trading lower by 50 paise, or 0.49 per cent, at INR 100.60 per kg in 50 lots.
Marketmen said the weakness in aluminium at futures trade was mostly in tune with a weak trend at London Metal Exchange (LME), led to the decline in aluminium futures prices.
At the Multi Commodity Exchange, aluminium for delivery in current month eased by 50 paise, or 0.50 per cent, to INR 99.95 per kg in a business turnover of 848 lots.
Similarly, the metal for delivery in January 2016 contract was trading lower by 50 paise, or 0.49 per cent, at INR 100.60 per kg in 50 lots.
Marketmen said the weakness in aluminium at futures trade was mostly in tune with a weak trend at London Metal Exchange (LME), led to the decline in aluminium futures prices.
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