Subdued demand drags down aluminium futures by 0.29%
08/05/2017
Aluminium futures were trading lower during morning trade in the domestic market on Monday as investors and speculators cut down their bets in the industrial metal amid subdued 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 May 2017 contract is trading at Rs 121.70 per kg, down by 0.29 per cent, after opening at Rs 122, against a previous close of Rs 122.05. It touched the intra-day low of Rs 121.60 (at 11:05 hours).
08/05/2017
Aluminium futures were trading lower during morning trade in the domestic market on Monday as investors and speculators cut down their bets in the industrial metal amid subdued 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 May 2017 contract is trading at Rs 121.70 per kg, down by 0.29 per cent, after opening at Rs 122, against a previous close of Rs 122.05. It touched the intra-day low of Rs 121.60 (at 11:05 hours).
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