Aluminium futures drop on subdued physical demand
27/02/2017 10:56
Aluminium futures were trading lower during morning trade in the domestic market on Monday as participants remained on the sidelines in the industrial metal amid muted physical demand for aluminium at the domestic spot market. Further, a drop in physical demand for aluminium at the domestic spot market was due to trimming of bets by traders in the spot market, influenced aluminium prices at futures trade. At the MCX, aluminium futures for February 2017 contract is trading at Rs 125.55 per kg, down by 0.28 per cent, after opening at Rs 125.30, against a previous close of Rs 125.90. It touched the intra-day low of Rs 125.30 (at 11:00 hours).
27/02/2017 10:56
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Aluminium futures were trading lower during morning trade in the domestic market on Monday as participants remained on the sidelines in the industrial metal amid muted physical demand for aluminium at the domestic spot market. Further, a drop in physical demand for aluminium at the domestic spot market was due to trimming of bets by traders in the spot market, influenced aluminium prices at futures trade. At the MCX, aluminium futures for February 2017 contract is trading at Rs 125.55 per kg, down by 0.28 per cent, after opening at Rs 125.30, against a previous close of Rs 125.90. It touched the intra-day low of Rs 125.30 (at 11:00 hours).
