Aluminium futures fall on weak spot demand

News

NEW DELHI: Aluminium prices on Monday fell by Rs 1.15 to Rs 189 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 1.15, or 0.6 per cent, to Rs 189 per kg in 2,196 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

OPEC+ decision does not support the NOK – Commerzbank
Fed to slow down the pace but forecast higher rates for next year?
Oil mixed as OPEC+ meeting, EU Russian oil ban loom
Oil falls close to 2022 lows on economic worries, easing supply fears
USD/MXN: Mexican Peso resilience might not last long due to domestic and external risks – MUFG