Muted demand drags down aluminium futures by 0.42%
02/03/2017 11:07
Aluminium futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the industrial metal amid muted 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 trimming of positions by traders in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for March 2017 contract is trading at Rs 129.30 per kg, down by 0.42 per cent, after opening at Rs 129.50, against a previous close of Rs 129.85. It touched the intra-day low of Rs 129.20 (at 11:07 hours).
02/03/2017 11:07
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Aluminium futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the industrial metal amid muted 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 trimming of positions by traders in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for March 2017 contract is trading at Rs 129.30 per kg, down by 0.42 per cent, after opening at Rs 129.50, against a previous close of Rs 129.85. It touched the intra-day low of Rs 129.20 (at 11:07 hours).
