Aluminium Futures Drop on Weak Demand - PTI
Nov 28, 2023 14:54
Aluminium prices fell on Tuesday due to weak demand from consuming industries, resulting in traders reducing their positions. The price dropped to Rs 202.65 per kg on the Multi Commodity Exchange.
New Delhi, Nov 28 (PTI) Aluminium price on Tuesday declined 80 paise to Rs 202.65 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 December fell by 80 paise or 0.39 per cent to Rs 202.65 per kg in 3,353 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
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