Aluminium Futures Decline on Weak Demand - PTI
May 02, 2024 14:54
Aluminium futures fell 0.25% to Rs 235.50 per kg on Thursday due to weak demand in the spot market, according to PTI. Participants trimmed their positions.
New Delhi, May 2 (PTI) Aluminium prices on Thursday declined 0.25 per cent to Rs 235.50 per kilogram in the futures market as participants trimmed their positions on a weak trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in May fell 60 paise or 0.25 per cent to Rs 235.50 per kg in 4,425 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.