Muted Demand Drags Down Aluminium Futures By 0.26%

Aluminium futures were trading lower during the late morning trade in the domestic market on Thursday as speculators reduced exposure, driven by a fall in demand in the spot market. Analysts said offloading of positions by participants amid easing demand from consuming industries in the spot market, attributed to the slide in aluminium futures.

At the MCX, aluminium futures for May 2018 contract is trading at Rs 155.70 per kg, down by 0.26 per cent, after opening at Rs 155.10, against a previous close of Rs 156.10. It touched the intra-day low of Rs 154.60.

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Suhani Verma

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