24 AUGUST 2011steelguru
Indian aluminum futures decline on profit booking
Edited by : AL CIRCLE
1 min read
Indian aluminum futures prices declined by 0.47% to INR 105.80 per kilogram as speculators booked profits at existing high levels, driven by subdued demand in the spot market.
At the Multi Commodity Exchange, aluminum for delivery in August declined by 0.50 paise or 0.47% to INR 105.80 per kilogram with a business turnover of 975 lots. Similarly, the metal for delivery in September was trading lower by 40 paise or 0.37% at INR 106.95 per kilogram with an open interest for 50 lots.
At the Multi Commodity Exchange, aluminum for delivery in August declined by 0.50 paise or 0.47% to INR 105.80 per kilogram with a business turnover of 975 lots. Similarly, the metal for delivery in September was trading lower by 40 paise or 0.37% at INR 106.95 per kilogram with an open interest for 50 lots.
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