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Aluminium futures slip on spot demand

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Press Trust of India New Delhi

Aluminium prices fell 0.15 per cent to Rs 135.10 per kg in futures trade on Friday as participants trimmed positions, tracking a weak trend at spot market due to sluggish demand.

At the Multi Commodity Exchange, aluminium for October delivery eased by 20 paise, or 0.15 per cent, to Rs 135.10 per kg in a business turnover of 744 lots.

Similarly, the metal for November delivery weakened by 25 paise, or 0.18 per cent, to Rs 137.35 per kg in 74 lots.

Analysts attributed the weakness in aluminium prices to slackened demand from consuming industries in the spot market.

 

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First Published: Oct 11 2019 | 12:50 PM IST

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