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Alumininum futures turn weak on profit booking

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Press Trust of India New Delhi
Last Updated : Jan 21 2013 | 3:38 AM IST

Aluminium traded a shade lower by Rs 0.15, or 0.16 per cent, at Rs 92.55 per kg in futures trade today, after tracking a weak trend at spot market on subdued demand, though the metal strengthened at the LME.

At the Multi Commodity Exchange counter, aluminium for delivery in July contract fell by Rs 0.15, or 0.16 per cent, to Rs 92.55 per kg, with a turnover of 2,556 lots.

The metal for delivery in July contract also eased by Rs 0.05, or 0.05 per cent, to Rs 93.65 per kg, with a turnover of 138 lots.

Marketmen said subdued demand for the metal at the physical market put pressure on the aluminium futures prices here, but gained at the London Metal Exchange (LME), where it rose 2.22 per cent, at $1,980 per tonne, capped losses.

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First Published: Jul 07 2010 | 2:36 PM IST

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