Aluminium futures little changed on muted physical demand 05/06/2017

Aluminium futures little changed on muted physical demand
05/06/2017

Aluminium futures were little changed during morning trade in the domestic market on Monday 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 slide 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 123.75 per kg, down by 0.08 per cent, after opening at Rs 123.60, against a previous close of Rs 123.85. It touched the intra-day low of Rs 123.60 (at 10:57 hours).

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