Sluggish Demand Drags Down Aluminium Futures By 0.27%

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Aluminium futures were trading lower during the morning trade in the domestic market on Thursday as participants cut down their positions in the industrial metal amidst subdued physical demand for aluminium in the domestic spot market.

Further, a decrease in demand for aluminium at the domestic spot market was due to trimming of positions by investors in the spot markets, influenced aluminium prices at futures trade.

At the MCX, aluminium futures for October 2016 contract is trading at Rs 111.65 per kg, down by 0.27 per cent, after opening at Rs 111.95, against a previous close of Rs 111.95. It touched the intra-day low of Rs 111.65.

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