Aluminium futures downfall on weak demand

Estimated read time 1 min read

New Delhi, Apr 24 Aluminium prices fell marginally to Rs 236.25 per kg in the futures market on Thursday as participants cut their positions following a weak trend in the spot market.
Aluminium contracts for May delivery fell marginally by 5 paise, or 0.02 per cent, to Rs 236.25 per kg on the Multi Commodity Exchange in a business turnover of 4,197 lots.
Analysts said aluminium prices fell mainly due to participants cutting their positions due to sluggish demand from consumer industries.

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