Aluminium Futures Drop on Low Demand - PTI
Feb 02, 2024 14:41
Aluminium prices fell on Friday due to weak demand from consuming industries, leading participants to trim their positions in the futures market.
New Delhi, Feb 2 (PTI) Aluminium prices on Friday declined Rs 1.05 to Rs 201.45 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 February fell by Rs 1.05 or 0.52 per cent to Rs 201.45 per kg in 3,849 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.