Aluminium futures drop 1% on low demand

News

NEW DELHI: Aluminium prices on Friday fell Rs 2.45 to Rs 193.60 per kg in the futures market as participants trimmed their positions on a low trend in the spot market.

On the Multi Commodity Exchange, aluminium for delivery in June declined by Rs 2.45, or 1.25 per cent, to Rs 193.60 per kg in 1,790 lots

Analysts said cutting down of positions by participants on easing demand from consuming industries in the physical market mainly kept aluminium prices lower here.

Articles You May Like

Live XAUUSD- FTMO Fund- My Trading Strategy- 3/27/2023
UK Preliminary Services PMI declines to 52.8 in March vs. 53.0 expected
Lululemon shares jump as holiday-quarter sales surge
Gold Price Forecast: XAU/USD skids below $1,980 as upbeat US PMI figures strengthen hawkish Fed bets
Live XAUUSD GOLD 5M Chart Scalping Forex Trading Strategy