Sluggish physical demand bites aluminium futures
24/03/2017 10:48
Aluminium futures were trading lower during morning trade in the domestic market on Friday as investors and speculators remained on the sidelines in the industrial metal amid subdued physical demand for aluminium at the domestic spot market.
Further, muted 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 March 2017 contract is trading at Rs 125.50 per kg, down by 0.24 per cent, after opening at Rs 125.65, against a previous close of Rs 125.80. It touched the intra-day low of Rs 125.50 (at 10:49 hours).
24/03/2017 10:48
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Aluminium futures were trading lower during morning trade in the domestic market on Friday as investors and speculators remained on the sidelines in the industrial metal amid subdued physical demand for aluminium at the domestic spot market.
Further, muted 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 March 2017 contract is trading at Rs 125.50 per kg, down by 0.24 per cent, after opening at Rs 125.65, against a previous close of Rs 125.80. It touched the intra-day low of Rs 125.50 (at 10:49 hours).
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
