Aluminium Futures Fall on Weak Demand
Aluminium futures prices fell on the Multi Commodity Exchange due to weak demand from consuming industries. Participants trimmed their positions, leading to a decline in prices.
New Delhi, Oct 28 (PTI) Aluminium prices on Monday slipped Rs 1.15 to Rs 242.45 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 November fell Rs 1.15 or 0.47 per cent to Rs 242.45 per kg in 3,379 lots.
Analysts said 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 November fell Rs 1.15 or 0.47 per cent to Rs 242.45 per kg in 3,379 lots.
Analysts said cutting down of positions by participants on easing demand from consuming industries mainly kept aluminium prices lower.
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