Aluminium Futures Fall on Weak Demand

Aug 27, 2024 13:57

Aluminium futures prices declined on the Multi Commodity Exchange due to weak demand from consuming industries, falling by Rs 1.40 to Rs 231 per kg.

New Delhi, Aug 27 (PTI) Aluminium prices on Tuesday declined Rs 1.40 to Rs 231 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 August fell Rs 1.40 or 0.6 per cent to Rs 231 per kg in 3,113 lots.

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

Source: PTI

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