Aluminium Futures Decline on Weak Demand
By Rediff Money Desk, NEWDELHI Feb 19, 2024 15:27
Aluminium futures prices fell on Monday due to reduced demand from consuming industries, with participants cutting down their positions.
![Aluminium Futures Decline on Weak Demand](https://im.rediff.com/money/2020/jul/16aluminium.jpg)
New Delhi, Feb 19 (PTI) Aluminium prices on Monday declined Re 1 to Rs 198.05 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 Re 1 or 0.5 per cent to Rs 198.05 per kg in 2,812 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 Re 1 or 0.5 per cent to Rs 198.05 per kg in 2,812 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
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