Aluminium Futures Dip On Sluggish Demand

Aluminium futures were trading lower during the late morning trade in the domestic market on Wednesday as speculators trimmed positions, tracking a weak trend overseas, amid subdued demand in the spot market.

Analysts said offloading of positions by participants, driven by a weak trend in global markets amid sluggish demand from consuming industries in the physical market, mainly attributed the fall in aluminium prices at futures trade.

At the MCX, aluminium futures for March 2017 contract is trading at Rs 121.95 per kg, down by 0.29 per cent, after opening at Rs 122.60, against a previous close of Rs 122.30. It touched the intra-day low of Rs 121.90.

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Suhani Verma

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