Aluminium Futures Fall on Weak Demand - PTI
By Rediff Money Desk, New Delhi Jun 05, 2024 13:41
Aluminium prices on Wednesday declined by 1.12% in the futures market due to weak demand from consuming industries. Read more on PTI.
New Delhi, Jun 5 (PTI) Aluminium prices on Wednesday declined by 1.12 per cent to Rs 238.40 per kg in the futures market as participants trimmed their positions on a weak trend in spot markets.
On the Multi Commodity Exchange, aluminium for delivery in June fell Rs 2.70 or 1.12 per cent to Rs 238.40 per kg in a trading volume of 3,238 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries pulled down aluminium prices.
On the Multi Commodity Exchange, aluminium for delivery in June fell Rs 2.70 or 1.12 per cent to Rs 238.40 per kg in a trading volume of 3,238 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries pulled down aluminium prices.
Source: PTI
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.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Thinkink Picturez
- 1.94 (+ 4.86)
- 25932238
- Srestha Finvest
- 0.86 (+ 8.86)
- 17781272
- GTL Infrastructure
- 2.28 ( -1.72)
- 17244403
- Rajnish Wellness
- 1.79 (+ 4.68)
- 16238663
- Vodafone Idea L
- 8.16 (+ 0.49)
- 10787176
MORE NEWS
Rupee Falls 7 Paise to 84.73 vs US Dollar
The Indian rupee weakened against the US dollar in early trade on Monday, dragged down...
CEAT Acquires Camso: Eyes Premium OHT Growth
CEAT acquires Camso's off-highway tyre and tracks business for USD 225 million, aiming...
Finance Commission Visit to Kerala: Key Issues...
The 16th Finance Commission, led by Arvind Panagariya, is on a three-day visit to...