Aluminium futures prices declined on Wednesday due to weak demand in the spot market, as participants trimmed their positions. Learn more about the factors driving the price drop.
New Delhi, Feb 7 (PTI) Aluminium prices on Wednesday marginally declined Rs 1.10 to Rs 200.65 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 marginally fell by Rs 1.10 or 0.55 per cent to Rs 200.65 per kg in 3,675 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
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