Subdued physical demand bites aluminium futures
01/06/2017
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 June 2017 contract is trading at Rs 124.05 per kg, down by 0.20 per cent, after opening at Rs 124.20, against a previous close of Rs 124.30. It touched the intra-day low of Rs 124 (at 10:45 hours).
Equity Cash/Futures/Options Segment
01/06/2017
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 June 2017 contract is trading at Rs 124.05 per kg, down by 0.20 per cent, after opening at Rs 124.20, against a previous close of Rs 124.30. It touched the intra-day low of Rs 124 (at 10:45 hours).
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Intraday Aluminium Calls, 1st session: 1.JUNE.2017
Intraday Aluminium Calls, 1st session: 1.JUNE.2017
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