Aluminium futures dip 0.16% on muted physical demand 19/05/2017

Aluminium futures dip 0.16% on muted physical demand
19/05/2017

Aluminium futures were trading lower during morning trade in the domestic market on Friday as participants 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 trimming of bets by traders in the spot market, influenced aluminium prices at futures trade.At the MCX, aluminium futures for May 2017 contract is trading at Rs 124.70 per kg, down by 0.16 per cent, after opening at Rs 124.50, against a previous close of Rs 124.90. It touched the intra-day low of Rs 124.50 (at 10:45 hours).

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