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Aluminium futures fell during morning trade in the domestic market on Tuesday as investors and speculators trimmed their bets in the industrial metal amid subdued physical demand for aluminium at the domestic spot market.
Further, a fall in physical demand for aluminium at the domestic spot market was due to cutting down of positions by traders in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for February 2017 contract is trading at Rs 122.75 per kg, down by 0.24 per cent, after opening at Rs 122.65, against a previous close of Rs 123.05. It touched the intra-day low of Rs 122.60 (at 11:11 hours).
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Aluminium futures fell during morning trade in the domestic market on Tuesday as investors and speculators trimmed their bets in the industrial metal amid subdued physical demand for aluminium at the domestic spot market.
Further, a fall in physical demand for aluminium at the domestic spot market was due to cutting down of positions by traders in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for February 2017 contract is trading at Rs 122.75 per kg, down by 0.24 per cent, after opening at Rs 122.65, against a previous close of Rs 123.05. It touched the intra-day low of Rs 122.60 (at 11:11 hours).
