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Wednesday 19 October 2016

Aluminium futures dip on subdued demand : 19 Oct 2016

Aluminium futures were trading lower during the morning trade in the domestic market on Wednesday as participants remained on the sidelines in the industrial metal amidst subdued physical demand for aluminium in the domestic spot market. Further, a decrease in demand for aluminium at the domestic spot market was due to the trimming of positions by investors in the spot markets, influenced aluminium prices at futures trade.
At the MCX, aluminium futures for October 2016 contract is trading at Rs 108.65 per kg, down by 0.50 per cent, after opening at Rs 109.05, against a previous close of Rs 109.20. It touched the intra-day low of Rs 108.60


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