06 MAY 2016The Economics Times
Aluminium futures weaken on sluggish demand
Edited by : AL CIRCLE
1 min read
Aluminium fell 0.18 per cent to INR 109.40 per kg in futures trade today after traders reduced their exposure due to sluggish demand at the domestic spot market amid weak trend overseas.
At Multi Commodity Exchange, aluminium for delivery in June eased 20 paise or 0.18 per cent to INR 109.40 per kg in a business turnover of 8 lots.
The metal for delivery in May, however, was trading flat at Rs 108.70 per kg in 236 lots.
The weakness in aluminium futures trading is mostly due to fall in demand from consuming industries at the domestic market and subdued trend overseas, marketmen said.
At Multi Commodity Exchange, aluminium for delivery in June eased 20 paise or 0.18 per cent to INR 109.40 per kg in a business turnover of 8 lots.
The metal for delivery in May, however, was trading flat at Rs 108.70 per kg in 236 lots.
The weakness in aluminium futures trading is mostly due to fall in demand from consuming industries at the domestic market and subdued trend overseas, marketmen said.
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