Aluminium Futures Drop on Weak Demand - PTI

Jul 16, 2024 13:05

Aluminium prices fell on the Multi Commodity Exchange due to reduced demand from consuming industries. Learn more about the decline in aluminium futures.

New Delhi, Jul 16 (PTI) Aluminium prices on Tuesday declined Rs 0.22 to Rs 226.70 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 July fell 50 paise or 0.22 per cent to Rs 226.70 per kg in 3,404 lots.

Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.

Source: PTI

MORE NEWS

Nepal Allows Indian High-Value Notes After Ban

Nepal lifts decade-long ban on Indian high-value currency notes (Rs 200 & Rs 500) up to...

SBI Yono 2.0 Launched; Hiring 10,000 Staff

SBI launches Yono 2.0 & plans to hire 10,000 staff to help customers migrate to digital...

Ravi Ranjan Appointed SBI MD

Ravi Ranjan appointed Managing Director of State Bank of India (SBI). He succeeds Vinay...

KSH International IPO: Rs 213 Cr from Anchor...

KSH International raises Rs 213 cr from anchor investors ahead of its IPO. IPO opens...

NCDEX Gets Sebi Nod for Mutual Fund Platform

NCDEX receives Sebi approval for mutual fund platform, paving the way for equity...

WhatsApp Data Sharing: NCLAT Clarifies User...

NCLAT mandates user consent for WhatsApp data collection, including advertising. Learn...

Pajson Agro IPO Subscribed 6.59 Times on Day 3

Pajson Agro India''s Rs 74.4-cr SME IPO subscribed 6.59 times on final day. IPO...

Battery Storage Cost Falls: Rs 2.1/Unit, Power Min

Battery energy storage (BESS) cost drops to Rs 2.1/unit from Rs 10.18 in 2022-23....

India Rice Exports to US: No Dumping, Says...

Commerce Secretary clarifies India exports expensive basmati rice to the US, refuting...

360 One Raises Rs 2,300 Cr Realty Fund

360 One Asset raises Rs 2,300 crore real estate fund, deploying majority in projects....