Aluminium weakens by 0.1% on low spot demand

Aluminium prices traded marginally down by 0.08% to INR 121.25 per kg in futures trading today as speculators reduced exposure amid sluggish demand from consuming industries in the spot market.

At the Multi Commodity Exchange, aluminium for delivery in December shed 10 paise, or 0.08% to INR 121.25 per kg in business turnover of 548 lots.

Similarly, the metal for delivery in January next year traded lower by 5 paise, or 0.04% to INR 122.15 per kg in 14 lots.

Analysts said off-loading of positions by speculators due to subdued demand in the spot markets from consuming industries and weakness in copper and other base metals at the London Metal Exchange, mainly put pressure on aluminium prices at futures trade.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.