 "Aluminium falls by 0.2% on weak demand")
Aluminium prices eased by 0.23% to Rs 106.35 per kg in futures trade today as speculators reduced positions amid weak demand at spot market and weakness in base metals overseas.
At the Multi Commodity Exchange, aluminium for delivery in October traded lower by 25 paise, or 0.23%, to Rs 107.40 per kg in a business turnover of eight lots.
Likewise, the metal for delivery in September month shed 20 paise, or 0.19%, to Rs 106.35 per kg in 84 lots.
Analysts said offloading of positions by speculators due to sluggish demand at spot market and a weak trend in industrial metals after weak US manufacturing data added to signs that global growth may be slowing, hurting demand, mainly weighed on aluminium prices.
At the Multi Commodity Exchange, aluminium for delivery in October traded lower by 25 paise, or 0.23%, to Rs 107.40 per kg in a business turnover of eight lots.
Likewise, the metal for delivery in September month shed 20 paise, or 0.19%, to Rs 106.35 per kg in 84 lots.
Analysts said offloading of positions by speculators due to sluggish demand at spot market and a weak trend in industrial metals after weak US manufacturing data added to signs that global growth may be slowing, hurting demand, mainly weighed on aluminium prices.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%