Business Standard

Aluminium futures shed 0.04% on global cues, low demand


Press Trust of India New Delhi
Aluminium prices eased 0.04 per cent to Rs 134.40 per kg in futures trade Wednesday as speculators were engaged in reducing their positions, tracking a weak trend overseas.
Besides, fading demand from consuming industries at domestic spot market fulled the downtrend.
At the Multi Commodity Exchange, aluminium for January declined 0.05 paise, or 0.04 per cent, to Rs 134.40 per kg in business turnover of 3,988 lots.
On similar lines, the metal for April was trading down by 40 paise, or 0.29 per cent, to Rs 135.40 per kg in 95 lots.
Meanwhile, aluminium slipped 0.5 per cent to USD 2,060 per tonne on the London Metal Exchange.

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 30 2019 | 5:00 PM IST

Explore News