Sluggish demand drags down aluminium futures by 0.28%
21/02/2017 10:48
Aluminium futures were trading lower during morning trade in the domestic market on Tuesday 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 drop in physical demand for aluminium at the domestic spot market was due to cut 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 126.35 per kg, down by 0.28 per cent, after opening at Rs 126.20, against a previous close of Rs 126.70. It touched the intra-day low of Rs 126.20 (at 10:49 hours).
21/02/2017 10:48
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Aluminium futures were trading lower during morning trade in the domestic market on Tuesday 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 drop in physical demand for aluminium at the domestic spot market was due to cut 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 126.35 per kg, down by 0.28 per cent, after opening at Rs 126.20, against a previous close of Rs 126.70. It touched the intra-day low of Rs 126.20 (at 10:49 hours).
