The Economic Times
Indian aluminium futures down due to profit-booking
Edited by : AL CIRCLE
1 min read
Aluminium futures prices today declined marginally by 0.13 per cent to Rs 115.25 per kg largely due to profit-booking by speculators despite a firm trend overseas.
At the Multi Commodity Exchange, aluminium for delivery in February edged lower by 15 paise, or 0.13 per cent, to Rs 115.25 per kg, with a business turnover of 20 lots.
The metal for delivery in January fell by 10 paise, or 0.09 per cent, to Rs 114.30 per kg in a turnover of 258 lots.
Marketmen said apart from profit-booking by speculators at prevailing levels, subdued demand at spot markets mainly led to a fall in aluminium prices but gains in the entire base metals pack at the London Metal Exchange, capped losses.
At the Multi Commodity Exchange, aluminium for delivery in February edged lower by 15 paise, or 0.13 per cent, to Rs 115.25 per kg, with a business turnover of 20 lots.
The metal for delivery in January fell by 10 paise, or 0.09 per cent, to Rs 114.30 per kg in a turnover of 258 lots.
Marketmen said apart from profit-booking by speculators at prevailing levels, subdued demand at spot markets mainly led to a fall in aluminium prices but gains in the entire base metals pack at the London Metal Exchange, capped losses.
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