Business Standard

Aluminium down by 0.1% on global cues

Speculators offloaded their positions in tandem with a weak trend in base metals

Press Trust of India New Delhi
Aluminium prices fell marginally by 0.05% to Rs 110.50 per kg in futures trading today as speculators offloaded their positions, tracking a weak trend in the global markets amid subdued domestic demand.
 
At the Multi Commodity Exchange, aluminium for delivery in November eased by  five paise, or 0.05%, to Rs 110.50 per kg in business turnover of 103 lots.
 
Similarly, the metal for delivery in December traded lower by 5 paise, or 0.04%, to Rs 112.35 per kg in six lots.
 
Market analysts said speculators offloaded their positions in tandem with a weak trend in base metals at the London Metal Exchange that led to a fall in aluminium futures prices.
 

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First Published: Nov 18 2013 | 11:52 AM IST

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