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Published on 22/07/2019 1:27:29 PM | Source: Dion Global Solutions Ltd

Aluminium futures fall on weak demand

Posted in Commodity Top News| #Aluminium #Commodity

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Aluminium futures were trading lower during the noon trade in the domestic market on Monday 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 July 2019 contract is trading at Rs 142.50 per kg, down by 0.35 per cent, after opening at Rs 143.10, against a previous close of Rs 143.00. It touched the intra-day low of Rs 142.45 (at 13:00 hours).