Aluminium futures slip on spot demand

Image
Press Trust of India New Delhi
Last Updated : Oct 11 2019 | 12:50 PM IST

Aluminium prices fell 0.15 per cent to Rs 135.10 per kg in futures trade on Friday as participants trimmed positions, tracking a weak trend at spot market due to sluggish demand.

At the Multi Commodity Exchange, aluminium for October delivery eased by 20 paise, or 0.15 per cent, to Rs 135.10 per kg in a business turnover of 744 lots.

Similarly, the metal for November delivery weakened by 25 paise, or 0.18 per cent, to Rs 137.35 per kg in 74 lots.

Analysts attributed the weakness in aluminium prices to slackened demand from consuming industries in the spot market.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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

More From This Section

First Published: Oct 11 2019 | 12:50 PM IST

Next Story