Slip 0.12% On Muted Physical Demand – Aluminium Futures

On Wednesday in the domestic market the trading were lower in the morning in the aluminium future, whereas the investors and the speculators cut down their bets in the industrial metal in the commodity and fall in the physical demand in the spot domestic market.

From a fall in physical demand of the aluminium in the spot market due to the positions by traders and influenced aluminum prices in the future trade.

Aluminium futures of July 2017 at the MCX the contract were traded at Rs. 124.65 per kg and the percentage down by 0.12% the opening was Rs. 124.70, where the previous close was of Rs. 124.80. The intra day touched high at Rs.124.55.

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Suhani Verma

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