Muted Physical Demand Bites Aluminium Futures

Aluminium futures were trading lower during morning trade in the domestic market on Tuesday as investors and speculators trimmed their bets in the industrial metal amid diminishing physical demand for aluminium at the domestic spot market.

Further, sluggish physical demand for aluminium at the domestic spot market was due to cut down of positions by traders in the spot markets, influenced aluminium prices at futures trade.

At the MCX, aluminium futures for March 2017 contract is trading at Rs 124.95 per kg, down by 0.12 per cent, after opening at Rs 124.90, against a previous close of Rs 125.10. It touched the intra-day low of Rs 124.80.

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Suhani Verma

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