Aluminium futures were trading lower during the morning trade in the domestic market on Friday as investors and speculators trimmed their positions amidst slide in physical demand for aluminium in the domestic spot market.

At the MCX, aluminium futures for August 2016 contract is trading at Rs 109.90 per kg, down by 0.41 %, after opening at Rs 110.30, against a previous close of Rs 110.35. It touched the intra-day low of Rs 109.80 

Further, a fall in demand for aluminium at the domestic spot market was led by cut down of bets by traders in the spot markets, influenced aluminium prices at futures trade.Visit Us http://www.ripplesadvisory.com/agri-commodity.phpor Get Free Trials Just Give One Missed Call @98-27-80-80-90.

  Aluminium on MCX settled up by 0.68% at 110.35 as support seen from LME Aluminium which rose by 0.4 percent to finish at $1,653 as support seen after the news that the People’s Republic of China’s Henan Xiangjiang Wanji Aluminum Co., Ltd. has shut down its alumina refinery in Wanji on account of the potential of a dangerous red mud landslide.