Aluminium Futures Fall: Demand Dips
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Aluminium futures decline on MCX due to weak spot market trends and reduced demand from consuming industries. September contracts fall.
New Delhi, Aug 20 (PTI) Aluminium prices on Wednesday declined 10 paise to Rs 250.20 per kilogram in the futures trade as participants trimmed their positions on a weak trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in September fell 10 paise or 0.04 per cent to Rs 250.20 per kg in 1,293 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 September fell 10 paise or 0.04 per cent to Rs 250.20 per kg in 1,293 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
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