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Published on 15/11/2019 2:41:26 PM | Source: Dion Global Solutions Ltd

Aluminium futures down 0.46% on low demand

Posted in Commodity Top News| #Aluminium #Commodity

Aluminium futures were trading lower during the noon trade in the domestic market on Friday as investors and speculators cut down their bets in the industrial metal amid fall in physical demand for aluminium at the domestic spot market.

Further, a slide in physical demand for aluminium at the domestic spot market was due to trimming of positions by traders in the spot markets. At the MCX, aluminium futures for November 2019 contract is trading at Rs 131.05 per kg, down by 0.46 per cent, after opening at Rs 131.60, against a previous close of Rs 131.65. It touched the intra-day low of Rs 130.95 (at 14:11 hours).