Aluminium Futures Fall on Weak Demand
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Aluminium futures decline on MCX due to low demand. November contracts fell to Rs 264.05/kg. Analysts cite weak spot market trend.
New Delhi, Oct 8 (PTI) Aluminium prices on Wednesday declined 20 paise to Rs 264.05 per kilogram in the futures trade as participants trimmed their positions on a weak trend in the spot market.
On the Multi Commodity Exchange, aluminium for delivery in November fell 20 paise or 0.08 per cent to Rs 264.05 per kg in 552 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 November fell 20 paise or 0.08 per cent to Rs 264.05 per kg in 552 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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