12 DECEMBER 2014www.wap.business-standard.com
Aluminium weakens by 0.1% on low spot demand
Edited by : AL CIRCLE
1 min read
Aluminium prices traded marginally down by 0.08% to INR 121.25 per kg in futures trading today as speculators reduced exposure amid sluggish demand from consuming industries in the spot market.
At the Multi Commodity Exchange, aluminium for delivery in December shed 10 paise, or 0.08% to INR 121.25 per kg in business turnover of 548 lots.
Similarly, the metal for delivery in January next year traded lower by 5 paise, or 0.04% to INR 122.15 per kg in 14 lots.
Analysts said off-loading of positions by speculators due to subdued demand in the spot markets from consuming industries and weakness in copper and other base metals at the London Metal Exchange, mainly put pressure on aluminium prices at futures trade.
At the Multi Commodity Exchange, aluminium for delivery in December shed 10 paise, or 0.08% to INR 121.25 per kg in business turnover of 548 lots.
Similarly, the metal for delivery in January next year traded lower by 5 paise, or 0.04% to INR 122.15 per kg in 14 lots.
Analysts said off-loading of positions by speculators due to subdued demand in the spot markets from consuming industries and weakness in copper and other base metals at the London Metal Exchange, mainly put pressure on aluminium prices at futures trade.
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