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Published on 12/07/2018 3:17:25 PM | Source: Dion Global Solutions Ltd.

Aluminium futures decline 0.81% on muted demand

Posted in Commodities| #Aluminium #MCX #Commodity

Aluminium futures were trading lower during the noon trade in the domestic market on Thursday as speculators cut bets amid weak trend overseas, subdued demand at domestic spot market. Analysts said offloading of positions by participants on the back of weak global cues amid easing demand from consuming industries in the physical market weighed on aluminium prices at futures trade.

At the MCX, aluminium futures for July 2018 contract is trading at Rs 140.80 per kg, down by 0.81 per cent, after opening at Rs 142.40, against a previous close of Rs 141.95. It touched the intra-day low of Rs 139.35 (at 14:55 hours)