Aluminium futures little changed on ease in demand
20/02/2017 11:00
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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 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 125.60 per kg, down by 0.04 per cent, after opening at Rs 125.70, against a previous close of Rs 125.65. It touched the intra-day low of Rs 125.45 (at 11:02 hours).
