Aluminium Futures Decline on Weak Demand
Aluminium prices fell on the Multi Commodity Exchange due to weak demand from consuming industries, leading to reduced positions by participants.
New Delhi, Jun 3 (PTI) Aluminium prices on Monday declined by 0.06 per cent to Rs 240.75 per kg in the futures market as participants trimmed their positions on a weak trend in spot markets.
On the Multi Commodity Exchange, aluminium for delivery in June fell 15 paise or 0.06 per cent to Rs 240.75 per kg in a trading volume of 3,762 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries pulled down aluminium prices.
On the Multi Commodity Exchange, aluminium for delivery in June fell 15 paise or 0.06 per cent to Rs 240.75 per kg in a trading volume of 3,762 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries pulled down aluminium prices.
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