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Alumininum futures down on subdued spot demand, global cues

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 3:13 AM IST

Aluminium traded marginally lower by Rs 0.55, or 0.58 per cent at Rs 94.90 per kg in futures trade today due to weak trend at spot markets and fall in demand.

At the Multi Commodity Exchange, aluminium for delivery July-month contract eased by Rs 0.55, or 0.58 per cent to Rs 94.90 per kg, with a turnover of 14 lots.

The metal for delivery in current-month June, contract also weakened by Rs 0.50, or 0.53 per cent to Rs 94.05 per kg, with an open interest of 270 lots.

At the London Metal Exchange, aluminium traded $11, or 0.54 per cent down at $2,031 per tonne, while at Shanghai, it moved down 20 yuan, or 0.13 per cent to 15,270 yuan per tonne.

Marketmen said subdued demand for the metal at spot markets and weak trend overseas pulled down aluminium prices at futures market here.

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First Published: Jun 01 2010 | 2:07 PM IST

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