31 JANUARY 2014Business Standard
Aluminium prices fall by 0.9% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium prices fell by 0.97% to INR 106.65 per kg in futures trading today after speculators trimmed their exposures amid a weak global trend.
At the Multi Commodity Exchange, aluminium for delivery in January declined by Rs 1.05, or 0.97% to INR 106.65 per kg in business turnover of 505 lots.
Similarly, the metal for delivery in February traded lower by INR 1.05, or 0.96% to INR 106.85 per kg in 183 lots.
Market analysts said the fall in aluminium futures was mostly in tune with a weakening trend at the London Metal Exchange ahead of the outcome of US Federal Reserve's meeting today.
Meanwhile, aluminium for delivery in three months fell 0.20% to $1,754.50 a tonne on the London Metal Exchange.
At the Multi Commodity Exchange, aluminium for delivery in January declined by Rs 1.05, or 0.97% to INR 106.65 per kg in business turnover of 505 lots.
Similarly, the metal for delivery in February traded lower by INR 1.05, or 0.96% to INR 106.85 per kg in 183 lots.
Market analysts said the fall in aluminium futures was mostly in tune with a weakening trend at the London Metal Exchange ahead of the outcome of US Federal Reserve's meeting today.
Meanwhile, aluminium for delivery in three months fell 0.20% to $1,754.50 a tonne on the London Metal Exchange.
Previous article
Japanese aluminium production declined in 2013
Next articleThe 6th International Conference on electrodes for primary aluminium smelters; Registration Opens
Grow with
AL Circle
