Subdued Physical Demand Bites Aluminium Futures


Aluminium futures were flat during morning trade in the domestic market on Wednesday as investors and speculators remained on the sidelines in the industrial metal amid subdued physical demand for aluminium at the domestic spot market.

Further, a fall 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 May 2017 contract is trading flat at Rs 121.05 per kg after opening at Rs 121.15, against a previous close of Rs 121.05. It touched the intra-day low of Rs 121.
 
 
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626222 | Toll Free - 1800-3010-2007 
Give a Missed Call for Free Trial - 09699997717 
 
SHARE

Suhani Verma

  • Image
  • Image
  • Image
    Blogger Comment
    Facebook Comment

0 comments: