30 DECEMBER 2015Business Standard
Aluminium futures weaken on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices fell 0.55 per cent to INR 100 per kg in futures trade today after traders reduced their exposure amid weak global cues. Besides, sluggish demand in the domestic spot market weighed.
At Multi Commodity Exchange, aluminium for delivery this month eased 55 paise, or 0.55 per cent, to INR 100 per kg in a business turnover of 544 lots. On similar lines, the metal for delivery in January next year contracts traded lower by 55 paise, or 0.54 per cent, to INR 100.95 per kg in 63 lots. Globally, aluminium sank 2.3 per cent at the London Metal Exchange (LME).
Marketmen said the weakness in aluminium in futures trade is mostly in line with a weak trend in the metal at the LME on concern that slowing growth in China will hurt demand next year.
At Multi Commodity Exchange, aluminium for delivery this month eased 55 paise, or 0.55 per cent, to INR 100 per kg in a business turnover of 544 lots. On similar lines, the metal for delivery in January next year contracts traded lower by 55 paise, or 0.54 per cent, to INR 100.95 per kg in 63 lots. Globally, aluminium sank 2.3 per cent at the London Metal Exchange (LME).
Marketmen said the weakness in aluminium in futures trade is mostly in line with a weak trend in the metal at the LME on concern that slowing growth in China will hurt demand next year.
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