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Aluminium marginally down by 0.28%

Aluminium experienced a weakening trend after China's exports and imports declined unexpectedly amid low spot demand.

Press Trust of India New Delhi
Last Updated : Jul 10 2013 | 11:39 AM IST
Aluminium futures today fell marginally by 0.28% to Rs 105.90 per kg largely in tandem with a weakening trend in base metals overseas after China's exports and imports declined unexpectedly amid low spot demand.
 
At the Multi Commodity Exchange, aluminium prices for delivery in July traded 30 paise, or 0.28%, lower at Rs 105.90 per kg in a business turnover of 141 lots.
 
Similarly, the metal prices for delivery in August traded just 5 paise, or 0.05% down at Rs 107.80 per kg in two lots.
 

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Market analysts said apart from subdued spot demand, weakness in base metals at the London Metal Exchange following unexpected fall in China's exports and imports, mainly hit aluminium prices at futures trade. 

Concerns have been raised that the slowing economic growth will hurt metal demand in the world's largest user.

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First Published: Jul 10 2013 | 11:34 AM IST

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