2026-01-07 11:31:35 am | Source: Accord Fintech
Aluminium futures trade lower on rise in inventories
Aluminium futures traded lower on MCX, pressured by the offloading of bets by the participants with the rise in inventories and on tepid buying at prevailing higher rates. Weakness in China's economy, a major consumer of industrial metals also dulled the light metal investments.
The contract for January delivery was trading at Rs 313.45 down 0.43% or Rs 1.35 from its previous closing of Rs 314.80. The open interest of the contract stood at 3830 lots.
The contract for February delivery was trading at Rs 316.85 down 0.38% or Rs 1.20 from its previous closing of Rs 318.05. The open interest of the contract stood at 1097 lots on MCX.
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