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Aluminium prices down by 0.2%

Aluminium for delivery in July fell by 0.09%

Press Trust of India New Delhi
Aluminium futures prices fell by 0.23% to Rs 107.55 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 25 paise, or 0.23%, to Rs 107.55 per kg, with a business turnover of 17 lots.

Aluminium for delivery in July fell by 10 paise, or 0.09%, to trade at Rs 106.40 per kg in a turnover of 433 lots.

Globally, aluminium traded a shade lower at $1,840.50 a tonne at the London Metal Exchange (LME).

Marketmen said besides weakness in metal at the LME as investors waited for the outcome of Federal Reserve's meeting tonight, subdued industrial demand at domestic spot markets also put pressure on aluminium prices at futures trade here.
 

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First Published: Jun 19 2013 | 11:51 AM IST

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