Business Standard
Aluminium weakens 0.2% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium futures for April eased by INR 0.15, or 0.15%, to INR 100.55 per kg in 122 lots.
At the Multi Commodity Exchange, the May contract fell by a similar margin to trade at INR 102.30 per kg in 71 lots.
Subdued demand in the domestic spot markets also weighed on the metal prices.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the LME after weakness in Japanese and South Korean industrial output added to global demand concerns.
At the Multi Commodity Exchange, the May contract fell by a similar margin to trade at INR 102.30 per kg in 71 lots.
Subdued demand in the domestic spot markets also weighed on the metal prices.
Market analysts said the weakness in aluminium at futures trade was mostly in tune with a downtrend in base metals at the LME after weakness in Japanese and South Korean industrial output added to global demand concerns.
Previous article
Reed reports Aluminium Middle east success
Next articleSMM Morning Review: LME aluminum to fluctuate between USD 1,800-1,850/mt on 2nd May
Grow with
AL Circle
