Aluminium Futures Little Changed On Muted Demand

Aluminium futures were little changed during morning trade in the domestic market on Friday as investors and speculators remained on the side lines in the industrial metal amid muted 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 exiting of positions by traders in the spot markets, influenced aluminium prices at futures trade.

At the MCX, aluminium futures for June 2017 contract is trading at Rs 123.55 per kg, down by 0.04 per cent, after opening at Rs 123.20, against a previous close of Rs 123.60. It touched the intra-day low of Rs 123.05.

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Suhani Verma

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