02 DECEMBER 2014Business Standard
Aluminium weakens by 0.7% on low demand
Edited by : AL CIRCLE
1 min read
Aluminium prices fell 0.68% to INR 125 per kg in futures trading today as speculators reduced exposure amid weak demand in the spot market.
Besides, a weak trend in base metals in global market influenced zinc prices.
At the Multi Commodity Exchange, aluminium for delivery in December traded lower by INR 85 paise, or 0.68%, to INR 125 per kg in a business turnover of 757 lots.
Similarly, the metal for delivery in January next year edged down by 80 paise, or 0.64%, to INR 125.15 per kg in 55 lots.
Analysts said speculators trimmed positions due to subdued demand in the spot market and a weakness in base metals at the London Metal Exchange.
Besides, a weak trend in base metals in global market influenced zinc prices.
At the Multi Commodity Exchange, aluminium for delivery in December traded lower by INR 85 paise, or 0.68%, to INR 125 per kg in a business turnover of 757 lots.
Similarly, the metal for delivery in January next year edged down by 80 paise, or 0.64%, to INR 125.15 per kg in 55 lots.
Analysts said speculators trimmed positions due to subdued demand in the spot market and a weakness in base metals at the London Metal Exchange.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Qatalum showcases innovations in Qatari aluminium sector at ARABAL 2014
Next articleNew solar array further reduces EGA's power demand
Grow with
AL Circle
