Aluminium Futures Fall on Low Demand
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Aluminium prices drop in futures trade due to trimmed positions and weak spot market trend. Demand from consuming industries eases.
New Delhi, Feb 5 (PTI) Aluminium prices dropped by Rs 3.60 to Rs 309.65 per kg in the futures trade on Thursday as participants trimmed their positions amid a weak trend in spot markets.
On the Multi Commodity Exchange, aluminium for delivery in March fell by Rs 3.60 or 1.15 per cent to Rs 309.65 per kg in 78 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 March fell by Rs 3.60 or 1.15 per cent to Rs 309.65 per kg in 78 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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