Aluminium futures drop on sluggish demand

by - 4:30 pm

Aluminium futures fell during afternoon trade in the domestic market on Tuesday as participants exited their positions in the industrial metal amid slide in physical demand for aluminium at the domestic spot market. Further, fall in physical demand for aluminum at the domestic spot market was due to trimming of positions by traders in the spot market, influenced aluminium prices at futures trade.
                                 At the MCX, aluminium futures for November 2016 contract is trading at Rs 118.25 per kg, down by 0.34 %, after opening at Rs 118.70, against a previous close of Rs 118.65. It touched the intra-day low of Rs 118.25.

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