Aluminium down by 1.3% on overseas trend

Aluminium futures prices fell 1.35% to INR 109.35 per kg today as speculators reduced positions amid a weak trend in base metals at the London Metal Exchange.

At the Multi Commodity Exchange, aluminium for delivery in January lost INR 1.50 paise, or 1.35%, to INR 109.35 per kg, with a business turnover of 247 lots.

The metal for delivery in February also shed INR 1.45, or 1.30%, to trade at INR 110.35 per kg in a turnover of 22 lots.

Marketmen said a weak trend in the base metals pack at the London Metal Exchange as slowing global growth dims the outlook for commodities and subdued demand from consuming industries at domestic spot markets, mainly put pressure on aluminium prices at futures trade here.

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.