Sluggish Physical Demand Bites Aluminium Futures

Aluminium futures were trading lower during morning trade in the domestic market on Thursday as investors and speculators remained on the sidelines in the industrial metal amid sluggish 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, influenced aluminium prices at futures trade. At the MCX, aluminium futures for April 2017 contract is trading at Rs 127.35 per kg, down by 0.12 per cent, after opening at Rs 127.05, against a previous close of Rs 127.50. It touched the intra-day low of Rs 127.05.

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Suhani Verma

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