Aluminium Futures Decline on Weak Demand
Aluminium futures prices fell on the Multi Commodity Exchange due to reduced demand from consuming industries and a weak spot market trend.
New Delhi, Jan 15 (PTI) Aluminium prices on Wednesday slipped Rs 1.65 to Rs 245.50 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 Rs 1.65 or 0.67 per cent to Rs 245.50 per kg in 1,440 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
On the Multi Commodity Exchange, aluminium for delivery in February fell Rs 1.65 or 0.67 per cent to Rs 245.50 per kg in 1,440 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
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