19 JUNE 2013Business Standard
Aluminium prices down by 0.2%
Edited by : AL CIRCLE
1 min read
Aluminium futures prices fell by 0.23% to INR 107.55 per kg on Wednesday as speculators trimmed positions amid a weak trend in metal at the London Metal Exchange.
At the Multi Commodity Exchange, aluminium for delivery in July fell by INR 0.25, or 0.23%, to INR107.55 per kg, with a business turnover of 17 lots.
Aluminium for delivery in July fell by INR 0.10, or 0.09%, to trade at INR 106.40 per kg in a turnover of 433 lots.
Globally, aluminium traded a shade lower at $1,840.50 a tonne at the London Metal Exchange (LME).
Marketmen said besides weakness in metal at the LME as investors waited for the outcome of Federal Reserve's meeting tonight, subdued industrial demand at domestic spot markets also put pressure on aluminium prices at futures trade here.
At the Multi Commodity Exchange, aluminium for delivery in July fell by INR 0.25, or 0.23%, to INR107.55 per kg, with a business turnover of 17 lots.
Aluminium for delivery in July fell by INR 0.10, or 0.09%, to trade at INR 106.40 per kg in a turnover of 433 lots.
Globally, aluminium traded a shade lower at $1,840.50 a tonne at the London Metal Exchange (LME).
Marketmen said besides weakness in metal at the LME as investors waited for the outcome of Federal Reserve's meeting tonight, subdued industrial demand at domestic spot markets also put pressure on aluminium prices at futures trade here.
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