Millennium Post

Aluminium futures fall on soft demand

Aluminium futures fall on soft demand

New Delhi: Aluminium prices on Friday fell 50 paise to Rs 131.15 per kg in futures trade as participants trimmed positions tracking a weak trend at spot market on sluggish demand.

At the Multi Commodity Exchange, aluminium for November delivery eased by 50 paise, or 0.38 per cent, to Rs 131.15 per kg in a business turnover of 863 lots.

Similarly, the metal for December delivery weakened by 60 paise, or 0.45 per cent, to Rs 133.05 per kg in 81 lots.

Analysts attributed the weakness in aluminium prices to slackened demand from consuming industries at the spot market.

PTI

PTI

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