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Published on 14/07/2020 3:22:57 PM | Source: Dion Global Solutions Ltd

Aluminium futures ease on low demand

Posted in Commodity Top News| #Aluminium #Commodity

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Aluminium prices on Tuesday softened 0.5 per cent to Rs 139.10 per kg in futures trade as speculators cut bets amid subdued demand in spot market.

On the Multi Commodity Exchange, aluminium for delivery in July contracts eased by 70 paise, or 0.5 per cent, to Rs 139.10 per kg in a business turnover of 1,090 lots. Analysts said offloading of positions by participants owing to slackened demand from consuming industries in physical market weighed on aluminium prices in futures trade.