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Aluminium futures dip on low demand

Press Trust of India  |  New Delhi 

Aluminium prices eased by 10 paise to Rs 133.75 per kg on Tuesday as participants were engaged in reducing their positions, tracking a weak trend at the spot market.

At the Multi Commodity Exchange, aluminium for delivery in October declined by 10 paise, or 0.07 per cent, to Rs 133.75 per kg in a business turnover of 411 lots.

Similarly, the metal for delivery in November weakened by 15 paise, or 0.11 per cent, to Rs 135.95 per kg in 48 lots.

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 15 2019. 13:35 IST