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Aluminium down 0.3% amid a weak trend

Metal for delivery in June fell by 0.27%

Press Trust of India New Delhi
Aluminium futures prices fell by 0.31% to Rs 113.10 per kg today as speculators trimmed positions amid a weak trend in metal at the London Metal Exchange.

At the Multi Commodity Exchange, aluminium for delivery in July fell by 35 paise, or 0.31%, to Rs 113.10 per kg, with a business turnover of 16 lots.

The metal for delivery in June fell by 30 paise, or 0.27%, to trade at Rs 112.40 per kg in a turnover of 350 lots.

Marketmen said besides weakness in metals at the London Metal Exchange, subdued industrial demand at domestic spot markets also put pressure on aluminium prices at futures trade here.
 

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First Published: Jun 10 2014 | 11:58 AM IST

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