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Alumininum weakens in futures trade

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:11 AM IST

In a range-bound trade, aluminium futures traded a shade lower by Rs 0.10, or 0.10 per cent, to Rs 97 per kg today, as speculators reduced positions on fall in demand at physical markets.

However, gains in metal prices in global markets, capped losses to an extent.

At the Multi Commodity Exchange platform, aluminium for delivery in September contract shed Rs 0.10, or 0.10 per cent, to Rs 97 per kg, with a turnover of one lot.

The metal for delivery in August-month also traded lower by Rs 0.05, or 0.05 per cent, to Rs 96.20 per kg, with a turnover of six lots.

Meanwhile, at the London Metal Exchange, aluminium rose 0.80 per cent to $2,082 per tonne.

Marketmen said fall in demand for the metal at spot markets mainly attributed to the decline in aluminium prices at futures trade but gains in metal in overseas markets, restricted losses.

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First Published: Aug 20 2010 | 1:03 PM IST

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