Aluminium futures were trading lower during the late morning trade in
the domestic market on Wednesday as speculators trimmed positions,
tracking a weak trend overseas, amid subdued demand in the spot market.
HURRY UP two days FREE TRIAL invest money make more of it click here www.marketmagnify.com
Analysts said offloading of positions by participants, driven by a
weak trend in global markets amid sluggish demand from consuming
industries in the physical market, mainly attributed the fall in
aluminium prices at futures trade.
At the MCX, aluminium futures for March 2017 contract is trading at
Rs 121.95 per kg, down by 0.29 per cent, after opening at Rs 122.60,
against a previous close of Rs 122.30. It touched the intra-day low of
Rs 121.90
No comments:
Post a Comment