Aluminium futures slip on muted physical demand
27/06/2017
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 sluggish 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 cut down of bets 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 119.60 per kg, down by 0.33 per cent, after opening at Rs 120, against a previous close of Rs 120. It touched the intra-day low of Rs 119.50 (at 10:22 hours).
27/06/2017
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 sluggish 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 cut down of bets 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 119.60 per kg, down by 0.33 per cent, after opening at Rs 120, against a previous close of Rs 120. It touched the intra-day low of Rs 119.50 (at 10:22 hours).
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