14 AUGUST 2015Business Standard
Muted global trend drives aluminium down 0.6% on MCX
Edited by : AL CIRCLE
1 min read
Aluminium prices fell 0.64 per cent to INR 101.65 per kg on Multi Commodity Exchange (MCX) on Thursday after traders reduced their exposure amid weak global cues. Besides, sluggish demand in the domestic spot market weighed.
At MCX, aluminium for delivery this month eased 65 paise, or 0.64 per cent, to INR 101.65 per kg in a business turnover of 181 lots. Similarly, the metal for delivery in September traded lower by 55 paise, or 0.53 per cent, to INR 103.30 per kg in nine lots.
Marketmen said the weakness in base metal pack at the London Metal Exchange (LME) as China's yuan slid for the third day after its worst loss since 1994 and muted demand at the domestic spot market kept up the pressure. Meanwhile, aluminium prices fell 0.3 per cent at LME.
At MCX, aluminium for delivery this month eased 65 paise, or 0.64 per cent, to INR 101.65 per kg in a business turnover of 181 lots. Similarly, the metal for delivery in September traded lower by 55 paise, or 0.53 per cent, to INR 103.30 per kg in nine lots.
Marketmen said the weakness in base metal pack at the London Metal Exchange (LME) as China's yuan slid for the third day after its worst loss since 1994 and muted demand at the domestic spot market kept up the pressure. Meanwhile, aluminium prices fell 0.3 per cent at LME.
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
Century reports second quarter 2015 financial results
Next articleProgramme set, registration begins for European Aluminium Congress 2015
Grow with
AL Circle
