Aluminium futures prices decay on weak demand

Estimated read time 1 min read

New Delhi, June 24: Aluminium prices fell by Rs 2.75 to Rs 247.70 per kg in futures trade on Tuesday as participants cut their positions following a weak trend in the spot market.

Aluminium contracts for July delivery fell by Rs 2.75, or 1.1 percent, to Rs 247.70 per kg on the Multi Commodity Exchange in a business turnover of 3,574 lots.

Analysts said aluminium prices fell mainly due to participants cutting their positions due to sluggish demand from consumer industries.

You May Also Like

More From Author

+ There are no comments

Add yours