Aluminium prices declined on the Multi Commodity Exchange due to weak demand from consuming industries. Participants reduced their positions, leading to a fall of Rs 1.35 per kg.
New Delhi, Feb 9 (PTI) Aluminium prices on Friday marginally declined Rs 1.35 to Rs 199.55 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 1.35 or 0.67 per cent to Rs 199.55 per kg in 3,574 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback