Business Standard
Aluminium weakens 0.4% on global cues
Edited by : AL CIRCLE
1 min read
Aluminium futures for May eased by INR 0.40, or 0.39%, to INR 101.90 per kg in 150 lots.
At the Multi Commodity Exchange, the April contract traded lower by INR 0.35, or 0.35%, to INR 100.05 per kg in 415 lots.
Prices fell as speculators reduced their positions amod subdued domestic spot markets demand.
Weakness in aluminium was mostly in tune with a downtrend in base metals at the London Metal Exchange on demand concern after lower-than-forecast growth in the US and China, the world's biggest consumers of the metal.
At the Multi Commodity Exchange, the April contract traded lower by INR 0.35, or 0.35%, to INR 100.05 per kg in 415 lots.
Prices fell as speculators reduced their positions amod subdued domestic spot markets demand.
Weakness in aluminium was mostly in tune with a downtrend in base metals at the London Metal Exchange on demand concern after lower-than-forecast growth in the US and China, the world's biggest consumers of the metal.
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