Aluminium Futures Fall: Demand Dips
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Aluminium futures decline on MCX due to low demand. January contracts fell Rs 2.80 to Rs 278/kg. Analysts cite weak spot market trend.
New Delhi, Dec 9 (PTI) Aluminium prices on Tuesday declined by Rs 2.80 to Rs 278 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 January fell Rs 2.80 or 1 per cent to Rs 278 per kg in 617 lots.
Analysts said the 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 January fell Rs 2.80 or 1 per cent to Rs 278 per kg in 617 lots.
Analysts said the cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
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