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Aluminium futures decline on low demand

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Press Trust of India New Delhi

Aluminium prices fell 10 paise at Rs 133.90 per kg on Wednesday as participants trimmed their positions amid a weak trend in spot market.

On the Multi Commodity Exchange, aluminium for delivery in October declined by 10 paise, or 0.08 per cent, to Rs 131.55 per kg in 2,794 lots.

Similarly, the metal for delivery in November weakened by 5 paise, or 0.04 per cent, to Rs 133.90 per kg in 161 lots.

Analysts said cutting down of positions by participants on easing demand from consuming industries in physical market mainly kept aluminium prices lower here.

 

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First Published: Oct 23 2019 | 1:25 PM IST

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