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

Ultimate Liquidity Sweep Trading Strategy (Full In-Depth Guide)- Smart Money Concept
Dollar gets to work in the new week
NASDAQ index trades briefly in negative territory. Bounces
USD/CAD Price Analysis: Bears are in the market, but bulls flexing
Unveiling My ₹11,000 Profit in Forex Intraday Trading: Learn the Strategies Behind My Winning Trades